 "IT, Telecom Sector Expansion Key Driver For Indian Economy")
The rapid expansion of the Indian IT and Telecom sector has emerged as a key driver for the Indian economy and placed India on a globally competitive platform in the last one and a half decades. In the last financial year, Indian IT Software and Services export has grown at a rate of 16.5 percent and has reached USD 68 billion. The Indian telecom sector is now the fastest-growing and second-largest market in the world, with over 900 million subscribers.
Frost & Sullivan hosted the 10th Annual 2012 India ICT Awards to honour companies that have been extremely resilient in making it to the top in their business category in spite of the current challenging market conditions. The awards covered four main categories: Enterprise Infrastructure, Enterprise IT Services, Enterprise Telecom Services, and Mobile Wireless. These were further divided into 24 sub-categories.
On the occasion, Anand Rangachary, Partner and Managing Director, Frost & Sullivan, South Asia, Middle East, & North Africa, said, “Despite a difficult economic climate, certain players have clearly demonstrated an outstanding performance in the ICT market. Relentless focus on customer satisfaction and product and service innovation with unflinching execution has been the hallmark of their performance. The award recipients are industry leaders in their respective segments and are effectively shaping the ICT landscape of the region.”
Commenting on the outlook of Indian Telecom industry, he said, “The industry would soon come out of the current turbulence born out of a lack of clarity in certain regulatory guidelines. In the next one year, we will have a stabler, maturer telecom market, and I expect to see convergence gaining momentum, wireless broadband growing significantly, and new innovative business models evolve in the ICT space.”
The recipients of the Awards were judged based on a variety of parameters like Revenues, Growth, Market Share, Product Diversity, and Vertical and Horizontal Diversity, which involved in-depth primary interviews of various industry participants and secondary research conducted by Frost & Sullivan analysts. An elite panel of jury members comprising some of the most prominent CIOs/CTOs from the industry evaluated the compiled data and incorporated the end-user perspective. Frost & Sullivan then presented the Awards to the companies that received the number one industry rank in each category.
The winners included stalwarts such as Microsoft , Vodafone, Airtel Business and Samsung Electronics among others.
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