Infosys Sees $300-$400 Billion AI Services Opportunity by 2030

Nandan Nilekani

BENGALURU: Infosys sees a $300-$400 billion opportunity in AI-led services by 2030 and believes the technology will amplify, rather than diminish, the role of IT services companies, chairman Nandan Nilekani said on Tuesday. "AI will not replace companies like ours. It will amplify those who move with purpose and adapt with speed," Nilekani told shareholders at the company's 45th annual general meeting, held virtually, dismissing concerns that coding automation could undermine the relevance of IT services firms. Nilekani argued that AI is instead accelerating demand for legacy modernisation and helping enterprises retire decades of accumulated technical debt. "The AI deployment gap in large enterprise clients is real, and closing that gap is where the work is," he said. He added that the defining opportunity lies in integrating AI models and agents with mission-critical enterprise platforms and the traditional transaction systems that underpin large businesses. "Now, more than three years after GenAI emerged, Infosys is more relevant than ever before and well positioned for the decade ahead," he said. Infosys recently unveiled an AI-first value framework to help enterprises deploy AI at scale, positioning the company to tap into an AI services market estimated at $300-$400 billion by the end of the decade. The company is already collaborating with 90% of its top 200 clients on AI initiatives. Chief executive Salil Parekh said AI services are already becoming a meaningful business for the company. At the end of the Dec quarter, AI-related services accounted for 5.5% of Infosys's revenue, representing an annualised run rate of about $1 billion. "We continue to see good growth in this AI services revenue," he said. According to Parekh, clients are deploying AI across six broad areas: AI engineering and strategy, data, business processes, technology modernisation, physical AI, and trust and security. Together, these represent an addressable market opportunity of about $300 billion through 2030. The company has built AI capabilities through its Topaz and Fabric platforms and is working closely with foundation model providers and cloud companies to deliver AI solutions to clients. Infosys recruited more than 20,000 college graduates during the year and ended FY26 with a workforce of over 3,25,000 employees globally. According to Nasscom, India's tech industry may grow 6.1% to $315 billion in FY26. IT services will contribute $149 billion of industry revenue, followed by BPM at $59 billion, engineering R&D at $63 billion, software products at $23 billion and hardware at $21 billion. Tech exports are projected to rise 5.6% year-on-year to $246 billion in FY26 from $233 billion in FY25.