Analysis about the current and future of Indian IT and Outsourcing Industry along with the Impact of Magento on it

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Vikrant Shukla
Magento Certified Solution Specialist
CO-Founder and COO
Envision Ecommerce Pvt Ltd
https://www.envisionecommerce.com/
@vikrantshukla
/in/shuklavikrant

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Indian IT Industry
• The size of the Indian outsourcing industry
is more than $108 billion.
• The domestic revenue of the IT industry is
estimated at US$ 38 billion and export
revenue is estimated at US$ 117 billion in
FY17.
• The contribution of the IT sector to India’s
GDP stood at 7.7 percent in 2016.
• The industry employs over 3.7 million
people.
• U.S., the biggest market for Indian
outsourcers, fetches these firms about 60
percent of their total revenues.
Source - https://www.ibef.org/industry/information-technology-india.aspx

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Indian IT Industry
• The internet industry in India is likely to double to reach US$ 250 billion by 2020,
growing to 7.5 per cent of gross domestic product (GDP).
• India's digital economy to have the potential to reach US$ 4 trillion by 2022
• Digital payments in India rose 55 per cent in volume and 24.2 per cent in value year-
on-year in FY 2016-17
Source - https://www.ibef.org/industry/information-technology-india.aspx

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Source - https://www.ibef.org/industry/information-technology-india.aspx
Indian IT Industry

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Source - https://yourstory.com/2017/02/e-commerce-forrester-research/
India’s Growth Globally

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Source - https://yourstory.com/2017/02/e-commerce-forrester-research/
Growth of Ecommerce
India’s online retail market will be valued at more than $60B by 2020 & could reach
$2T by 2034

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Source - https://yourstory.com/2017/02/e-commerce-forrester-research/
Growth of mCommerce
India has an internet users base of about 450 million as of July 2017, 40% of the population

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Origin of Magento
• On 31st August 2007, first public beta version was launched
• It was originally going to be called ‘Bento’
• On 31st March 2008, Varien released Magento 1.0 under the Open Software License 3.0
• With rise of use within bigger Enterprise, Magento Enterprise Edition was launched in
2009
• In the following year, 2010, Magento for Mobile was developed.
• eBay bought Magento in February 2011 with plans to incorporate it into its new
X.Commerce initiative
• Magento Go was launched in February 2011 in order to support new and small
businesses
• On 1st July 2014, Magento announced that they would be shutting down the Magento Go
platform on 1st February 2015

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Evolution of Magento
• November 2015 months after the eBay-Paypal separation, eBay sold its enterprise
division to Permira. That entity was dubbed “Magento Commerce”.
• On November 17, 2015, Magento 2.0 was released
• January 2017, Magento Commerce had an impressive $250 million in new funding from
Hillhouse, a Chinese investment firm.
• On December 12, 2017, Magento Open Source 2.2.2 was launched
• Magento Community Edition (CE) was recently changed to Magento Open Source
• Magento Enterprise Edition (EE) was recently changed to Magento Commerce (On-
premise)
• Magento Enterprise Cloud Edition (MECE) was recently changed to Magento Commerce
(Cloud)
Current Active Versions of Magento

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Magento in India
96 546 355 35 5
Total Magento Certification in India: 1037
Source - https://u.magento.com/certification/directory/

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Magento in India
Total : 22
Source - https://u.magento.com/certification/directory/
6 7 8 1

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Magento
Source - https://www.youtube.com/watch?time_continue=102&v=nlhS8nSc0hc

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Questions?