$9 b. e-Solution services opportunity for software industry: study

NEW DELHI: National Association of Software & Service Companies (Nasscom),

has announced that the Nasscom-BCG study projects a $9 billion business

opportunity for Indian IT companies from global e-solutions services market by

2005. The domestic market for e-solutions is expected to grow from a base of $65

million in 2000 to $500 million in 2005. The detailed findings of the report

will be released at E-biz India 2001, a national conference on E-commerce and

E-Business to be held at Bangalore from August 2-3, 2001.

The theme of the Nasscom-BCG report is "Imperatives for India Inc. to

harness the E-commerce opportunity". The report, for the first time,

provides an in-depth analysis of e-commerce adoption within various industry

verticals and guidelines for industry CEOs, IT industry and the government to

effectively exploit these opportunities.

Elaborating on the findings Nasscom chairman Phiroz Vandrevala said, "In

order to capture the e-solution services opportunity, Indian IT companies will

need to build domain expertise in select industry verticals or product

applications. They will also need to modify their marketing and implementation

approach to suit sales processes of e-solutions."

The worldwide market for e-solutions products and services, estimated at US

$180 billion in 2000, is expected to grow to US $640 billion by 2005. Customer

Relationship Management (CRM) and Supply Chain Management (SCM) solutions

account for 70 per cent of e-solutions spending with over 50 per cent of the

market concentrated in North America.

Elaborating on the summit focus Vandrevala, said, "The report has

revealed that while the Indian industry is mobilizing to build capabilities for

e-commerce, there are vast differences amongst players on their understanding of

e-commerce benefits and their readiness to capture the opportunity. E-biz India

2001 will provide focused sessions that offer realistic solutions and

decision-making insights to industry CEOs enabling them to maximize benefits

from e-commerce investments."

Some of the prominent speakers at the two-day summit will include amongst

others Yutaka Mizukoshi, Vice President and Director, BCG Japan, an expert in 3G

applications, ISP implementation and mobile commerce, Arthur Chang, Managing

Director, Asia Pacific, VeriSign Inc. who envisioned the Electronic Information

Superhighway by catalyzing development of online-related services, Arthur

Kipferler, Vice President, BCG's global automotive practice, David Gilmour, Vice

President BCG Australia who will focus on how Indian companies can transform

themselves into world class product firms.