India's IT brain may get a boost to develop

Dr. Ajay Data, Founder and CEO, Data Ingenious Global

“The dynamic shifts that are likely to occur in Indian app development industry will involve encouragement towards vernacular and local content. Applications will be developed with extensive research and market mapping. While multiple foreign apps already dominate the market, attempts will be focussed towards building two kinds of applications and softwares, one which act as a substitute, and another which are unique in their capacities to create a niche user base for themselves.

Apart from this young IT minds will be more keen on developing unique technological innovations, in incubator programs organised by institutions. The consumer mind is in the right framework, with Chinese apps ban; inclination and acceptance towards organic products and services is likely to be higher. Govt’s support by ‘Vocal for Local’ campaign is another boost to the indigenous industries”.

India holds a lot of potential in terms of IT and technology innovation. The effect on people in terms of app ban will get diluted in sometime as there are already better Indian substitutes for the same. Rather this decision by our Ministry and authorities is a stepping stone for promoting home grown products and services. This will be a great boost to our economy. In 2019, the size of video conferencing market globally was estimated to be more than 6 bn USD by 2026 with about 10% CAGR but we believe, Covid-19 has fuelled that growth and we are already in verge of those numbers by 2020, India having so many young IT experts if provided the right resources can contribute a substantial market share globally”.