The $60 billion plus Indian information technology (IT) and business process outsourcing(BPO) industry after a fairly good growth in 2010 is likely to witness a phase of consolidation in 2011. As IT requirements change rapidly due to an increasingly complex threat landscape and new usage models, including clouds and numerous Consumer Electronics devices connecting to the Internet, security will remain one of the highest priorities for the IT industry.
The ISA-Frost and Sullivan report 2010-11 estimates that the total market revenues generated in the Indian semiconductor market were $5.39 billion and it is expected to reach $8.04 billion in 2011. The segments that will continue to govern the growth of the industry will be consumer, computing and communications.
“The rapid penetration of mobile telephony and wireless has played an influential role in the growth of the Indian semiconductor industry. These sectors are mutually beneficial and growth in one sector drives growth in the other,” said Jaswinder Ahuja Corporate Vice President and Managing Director Cadence Design Systems.
The increase in the demand for 3G consumer technology has resulted in an accelerated growth of the industry. In the coming two years, the growth is expected to be fuelled by the increased consumption of electronic gadgets like wireless handsets, gaming devices, 3G networks, WiMax, netbooks, set-top-boxes and smart cards.
“Globally, Cisco is leading the transition to a network-centric technology environment. We believe that the network is ideal for creating a powerful communications platform that will serve as the basis for the convergence of data, voice, video and mobile systems on a secure, integrated architecture. The key technology areas of focus for us include: video, Borderless Network, collaboration and virtualization,” said Naresh Wadhwa, President and Country Manager, India and SAARC, Cisco.
When it comes to security part, hacking activities will continue to innovate and evolve to take advantage of loopholes within applications, infrastructures, or even taking advantage of users’ ignorance. There is a need for organizations to continue their employee awareness vigilance and to evolve their security capability to ensure that they can very quickly respond to such malicious activities.
“In 2011 we must defend against the potentially catastrophic danger of Advanced Persistent Threats perpetrated by non-state actors and terrorists. By manipulating control systems in critical infrastructure facilities, Stuxnet was the first Trojan to cross the chasm from the digital realm into the physical world. Stuxnet foreshadows what the future of cyber warfare or terrorism might hold and is the reason that next generation infrastructure initiatives like smart grid must have security embedded,” said Kartik Shahani, Country Manager – India & SAARC, RSA.