Planview Estimated India's Digital Transformation may Touch USD 85 Billion By 2026 By CIOTechOutlook Team

Planview Estimated India's Digital Transformation may Touch USD 85 Billion By 2026

CIOTechOutlook Team | Friday, 18 August 2023, 09:13 IST

As a result of the rapid uptake of technology by enterprises and governmental organizations in India, Planview, a U.S.-based job management software provider, plans to increase its operations there. Targeting India's projected $85 billion in digital transformation spending by 2026, the corporation, which counts retail behemoth Walmart, pharmaceutical producer Pfizer, and conglomerate Honeywell among its clients, is focusing on this market.

Planview has said that it will invest more than $125 million in manpower and center operational costs over the following four years in India as part of this strategy. The investment intends to strengthen worldwide customer service while supporting the region's rapid expansion. Currently, Planview employs 500 people in India, 400 of them were hired this year.

"Our global business has doubled in the last two and a half years. We are scaling up here because the availability and density of talent is far greater than in any other part of the world," Razat Gaurav, Global CEO of Planview, told Business Standard during a media roundtable. "We're also pursuing market opportunities in India, as digitalisation investments are booming in both the private sector and government sector."

As a tactical move to support its development and capabilities, the business launched a significantly expanded Planview Global Capability & Innovation Centre (CIC) in Bengaluru.

Gaurav agreed that annual growth in worldwide investment in digital transformation is continuing. According to his forecast, during the next 18 months, more than 55% of all investments in information and communication technology (ICT) will go toward transformation, with many initiatives being spearheaded by groups in Indian innovation hubs.