Virtualisation service provider Vmware believes the growth of Indian telecommunication industry will be a major growth driver for the company in the coming year.
Rajiv Ramaswami, COO, products and Cloud services of Vmware notified that the consolidation of the telecom market coupled with the digital transformation of banks and financial services sector presents a compelling business opportunity for them in India.
Reliance Jio’s entry has made India one of the top countries in mobile data usage with Jio users consuming more than 100 crore GB per month. This has ushered in a data war in the space with incumbents starting to consolidate in a bid to protect and scale their customer base.
Ramaswami further commented that from a vertical stand point, this is the year of Telco. With the entry of Jio and the consolidation in the telecom industry significant amount of network infrastructure is being built [by telecom companies. Data volumes are through the roof and service providers are desperately ramping up their infrastructure to cope with all the data that is coming in.
In addition to telecom, VMware has a strong footprint in the BFSI sector helping banks make the digital transformation straddling legacy systems with the with new age systems. VMware helps build new architecture and upgrade banks’ IT and security infrastructure to support these offerings.
By Baishakhi Dutta
