Infosys Identifies $300-400 Billion AI Opportunity by 2030

BENGALURU: Infosys has identified a substantial opportunity in AI-led services, projecting a market potential of $300-$400 billion by 2030. Chairman Nandan Nilekani emphasized that AI will enhance the role of IT services companies rather than replace them. He addressed shareholders during the company’s 45th annual general meeting, stating that concerns over coding automation undermining IT firms are unfounded.

Nilekani highlighted that AI is driving demand for legacy modernization, enabling businesses to address long-standing technical debt. He pointed out the significant gap in AI deployment among large enterprises, asserting that closing this gap represents a key area of focus. The integration of AI models with essential enterprise platforms and traditional transaction systems is where the defining opportunities lie.

Infosys recently introduced an AI-first value framework aimed at helping enterprises implement AI at scale. The company is already engaged with 90% of its top 200 clients on AI initiatives. Chief Executive Salil Parekh noted that AI services are becoming increasingly important for Infosys, contributing 5.5% to the company’s revenue by the end of the December quarter, which translates to an annualized run rate of approximately $1 billion.

Parekh mentioned that clients are utilizing AI across six key areas: AI engineering and strategy, data, business processes, technology modernization, physical AI, and trust and security. This collective effort represents an addressable market opportunity of about $300 billion through 2030. Infosys has developed its AI capabilities through its Topaz and Fabric platforms and is collaborating with foundation model providers and cloud companies to deliver tailored AI solutions.

The company has also expanded its workforce, recruiting over 20,000 college graduates in the past year, bringing its total to more than 325,000 employees globally. According to Nasscom, India’s tech industry is projected to grow by 6.1% to reach $315 billion in FY26, with IT services expected to contribute $149 billion to this figure.

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