Red Hat, a global provider of open source solutions, is expecting a growth of 50% in telecom and government verticals. The company?s major focus areas are BFSI, telecom, government and education. ?Telecom and government are proving to be the most potential growth segment for the company. At the same time, we are also expecting a 35% growth in the BFSI sector,? said Nandu Pradhan, president & managing director, Red Hat India Pvt Ltd.
The company is seeing e-governance to be a major vertical. They are already involved in few projects in the e-governance segment and is expecting a few more projects in the future. ?We are already doing 3-4 projects for citizen?s service in the e-governance sector, and are expecting new projects from e-governance,? commented Pradhan.
Red Hat India is also planning to increase their headcount by at least 20% this year.? The company has around 2,200 employees worldwide. In India, we have around 200 people, and we are planning to increase this by 20% this year,? said Pradhan.
With the Indian BFSI sector getting into different alternative mediums, the company is hopeful that their new area of operation like mobile banking will prove to be a profitable area of business.
The company feels that the market for open source software is growing and gaining momentum in India. However, there is still time for people to become properly educated about the application. In India, enterprise, government and education are three areas that will guide the further growth of the company, feel company officials.
?Open source is cheap, thus it has an advantage in India. But it needs a proper and low-cost infrastructure for further growth. Only then it?ll be possible to tap the market properly,? commented an industry analyst.