India’s information technology (IT) sector is set to become a USD 227 billion industry in FY'22 and has registered 15.5% growth, the highest in over a decade. In FY’22 it witnessed a growth of 2.3% to $194 billion.
The IT sector started growing at the beginning of the era as the economy improved by leading businesses and consumers to spend more money and time on technology. Software development forms the centre of the digital age’s emergence as it boosts and drives consumers' and businesses' reliance on technology. This reliance has enabled significant growth over the last decade. India has become one of the top countries to fulfil companies' software requirements as the skills offered by Indian developers, excellent infrastructure, and lower costs are certainly the needful factor that attracts potential investors.
Why software and technology?
Our country’s IT Service Industry has flourished as it provides its clients with the finest informational technology services to become a significant part of big businesses of the digital world. Technology and software are everywhere and it is majorly maintaining and monitoring the technical department. Services from the software and technology can range from hardware services to cloud computing, and cyber security to network infrastructure. The function of an Indian IT company is not limited to a single definition, rather it has a much more diversified and comprehensive appeal.
The major IT function can be categorised as –
Infrastructure – It is inclusive of all significant components of hardware, software, and network resources this function is essential for the existence and operation of an IT firm. A few services of Infrastructure include Networking, platform management, security, storage architecture, etc.
Governance – IT as a function of governance uses IT systems and new methodologies to incorporate efficient evaluation of a business or any other individual client. It is a part of the IT governance team and mainly focuses on delivery, risk management, resource management, strategic alignment, and performance management.
Functionality – SaaS (Software as service) or FaaS (Function as service) forms a department of IT services and provides a platform for companies to run, develop, and manage functionalities of applications.
The explosive growth of the IT Industry along with the rise of use in software and technology has flourished and grown beyond just a service. Due to such remarkable growth, it has exponentially enhanced the better work opportunities for many people in the tech field.
How is software and technology impacting our daily lives?
Well, besides the number of listed functionalities and the other stated factors, the pandemic has also acted as a huge catalyst for the future growth of IT companies and the increasing impacts of software and technology in our everyday lives. The whole world has more or less shifted online and requires a digital mode of working.
High-skilled human resources –
Science has been a boon to us and hence favoured by us all and obviously more by our parents. In Indian society, science is regarded as the best field. Consequently, India has some great software and developing human resources. The number of human resources growing in the IT sector is increasing at a vast scale as people within this sector are growing with proficiency and expertise. It has become the core reason to allow this sector to grow based on outside policies and strategies but with the internal pool of talented people as well working in this domain.
Era of digitalisation –
The modern breakthrough for the IT and software companies is affected greatly by the digitalisation of businesses as everyone needs it. From an individual business owner to a big company, everyone needs a website, an application, or software that requires a digital medium to connect and build and bring an audience to their business. For example, digitised payments, online bookings, online orderings, etc.
Statistics and reports have shown that digital services account for approximately 30% of IT industry revenue. Further, this percentage is anticipated to reach 50% in the coming years. Thus, digitalisation has been a significant factor in the growth of the IT sector.
Modern Technologies –
A new set of technologies has been introduced in the IT domain to benefit the working of an application or software. And a few of such technologies include cloud, artificial intelligence, machine learning, robotics, etc, these modern-day technologies are adopted by big ventures leading to the opening of new opportunities and growth mediums for the IT industry.
Government Policies –
Government SEZs also known as Special Economised Zones provide many companies with areas to operate and function with tax subsidies and this can highly affect an industry’s growth as well. This is why it is one of the vital reasons for the growth of the hub for IT startups
Low operational cost –
IT services outsourced from India in comparison to the west are lesser than the amount paid as an operational cost. These costs and supportive policies play a major role in affecting the growth of software companies in India as the operational cost in India is quite low compared to other countries.
The country that used to run massively on the agriculture industry is now functioning as a knowledge-driven industry.
Therefore, to make software for your company, you should know how IT sector is growing and its impacts on your business. In India the rise of startups to large-scale businesses creates a huge demand for software developers, and there are hundreds and thousands of companies actively working on software services in India. Among all the multitude of companies Triosoft Technologies Pvt. Ltd. is the most reliable software development partner for your business requirements –
Situated in Bhopal, Triosoft Technologies is a software development company, serving its clients all over India. Offering customised software, business management technologies, technical support, and on time services, with 100% client satisfaction and up to date services.
With the tagline “Turn imaginations into technology with us”
Triosoft technologies provide customised software for the business as well as service professionals. Triosoft aims to build such software which is not only future- driven but are realistic and customised up to certain needs.
It believes in technology which can be digital, user- friendly and coherent. With a multi- dimensional approach Triosoft provides many technological solutions on single platform.
Triosoft assures the software development and technological progress in sectors of–
Ecommerce | Education | Food | Transport
Triosoft assure the software development and technological progress in following sectors –
Software Development –
Being multi-dimensional and following a customising approach, the software ensures the ease of functionality in your business.
Enterprises Resource Planning (ERP) –
Triosoft brings a one stop solution for all of your enterprise requirements.
App Development –
Triosoft makes easy-to-use prolific yet comprehensive IOS and Android apps, to give your business a new acquaintance.
Web Development –
Triosoft tailors unique and user-freindly web designs to help you attract more customers.
Digital Marketing –
Triosoft encourages quality traffic at your website on your behalf with their trained and dedicated marketing team always to fetch positive results.
Graphic Design –
Triosoft with its creative and eye capturing graphics can help you convert your visitors into clients.
With advanced technology and user- friendly software Triosoft is highly reliable, bringing long term customer friendly relationships providing complete and needful assistance to customers at every step promising to give the best of virtual shapes to your ideas.
Triosoft aims to make technology assessable it can reach to every individual easily. Believing in this thought Triosoft tries to design and curate such software which can take care of the ease and accessibility of the end users, digitally.
