Infosys chairman Nandan Nilekani said on Tuesday that the company sees a $300-$400 billion opportunity in AI-led services by 2030, according to a report by Business Today. Addressing shareholders at the company's 45th annual general meeting, held virtually, Nilekani dismissed concerns that coding automation could undermine the relevance of IT services firms. "AI will not replace companies like ours. It will amplify those who move with purpose and adapt with speed," he said.
AI opportunity and market size
Nilekani argued that AI is 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 traditional transaction systems. 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.
Infosys' AI services momentum
Chief executive Salil Parekh said AI services are already becoming a meaningful business for the company. At the end of the December 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," Parekh said. According to him, clients are deploying AI across six broad areas:
- AI engineering and strategy
- Data
- Business processes
- Technology modernisation
- Physical AI
- Trust and security
Together, these represent an addressable market opportunity of about $300 billion through 2030.
Infosys 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. The company recruited more than 20,000 college graduates during the year and ended FY26 with a workforce of over 3,25,000 employees globally. The company is already collaborating with 90% of its top 200 clients on AI initiatives.
Broader industry context
According to Nasscom, India's tech industry may grow 6.1% to $315 billion in FY26. The breakdown by segment:
| Segment | Contribution to industry revenue |
|---|---|
| IT services | $149 billion |
| BPM | $59 billion |
| Engineering R&D | $63 billion |
| Software products | $23 billion |
| Hardware | $21 billion |
Tech exports are projected to rise 5.6% year-on-year to $246 billion in FY26 from $233 billion in FY25.
For enterprise technology buyers, the strong uptake of AI among Infosys's largest clients signals that AI integration with existing enterprise platforms is a priority. The company's focus on closing the "AI deployment gap" in large enterprises underscores the need for robust frameworks and partnerships to scale AI effectively.
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