Gartner said that the year 2021 will be a golden year as the growth in the IT sector, which is expected to be around 9%. Investments in digitisation in the next few years will grow by 8-9%. IT industry decisions will revolve around business as more and more companies turn towards digitisation. Certain verticals will grow faster than the others and get a larger share of the IT market.
Enterprises in India now have access to Google cloud VMware. They can now shift their VMware apps to Google cloud without having to rewrite them. This will help the enterprises shift to cloud, reduce operational burden while profiting from scale and agility, and maintain continuity with their own existing tools, policies, and processes. VMware is valued for its third-party ecosystem for disaster recovery, backup, monitoring, security, and many other IT tools.
Web and mobile testing platform BrowserStack has raised $200mn at a valuation of $4bn. BrowserStack has now overtaken FreshWorks as the most valued SaaS company from India. It will also become the 7th unicorn SaaS firm in the country. Fresh funds will be used for cloud testing, increasing the product suite, and doubling the present team size of 800 in the next 18 months. It will also add more data centers to its network, which is at present 15.
Uber announced that it is planning to hire around 250 engineers for its Hyderabad and Bangalore-based teams. The hiring of engineers aims to improve rider and driver growth, delivery, eats, digital payments, risk & compliance, marketplace, customer obsession, infrastructure, ad tech, data, safety, and finance technology teams. Uber is looking to expand its teams with engineers who can solve the mobility and delivery problem.
Cognizant India’s Chairman and MD Rajesh Nambiar will replace Malcolm Frank as president of digital business and tech, who is set to retire in September. Nambiar’s appointment came into effect from Friday while continuing his role as the Chairman. Earlier this year, Cognizant merged two out of three sectors into one under Frank which was appreciated by analysts. Nambiar is expected to bring his vast knowledge of data, cloud, AI, and analytics to his new role.
The Indian Public Cloud services market clocked a revenue of $3.6 bn in 2020 and is projected to hit $9.5 bn by the year 2025. Public clouds, in the year 2020, became important for firms for business continuity, flexibility, and agility. As a result, organizations continued to splurge on cloud services. The top two players, together, held 49 % of the Indian public cloud services market in 2020. The pandemic, on the other hand, was the key driving force behind cloud adoption.
Software Technology Parks of India is planning to set 12 new CoE in the country to build technology-based products and solutions. The new centers will come up in Bengaluru, Gandhinagar, Patna, Bhubaneshwar, Gangtok, and Itanagar. It already has 13 established CoEs in different cities. STPI, which has started operations with three centers, now operates 60 centers across the country, of which 52 are in Tier II and tier III cities.
Capgemini is building a team in India to cater to the growing demand of 5G, Edge computing in the country. It has recently announced the opening of a 5G lab in Mumbai where clients can prototype and test their 5G implementation projects. 5G has become a focus area for Capgemini after the acquisition of Altran, a French engineering-consulting firm. Ashwin Yardi, India CEO of Capgemini said that there was an exponential rise in products and services being embedded with software.