Reuters has reported that India’s most prolific IT outsourcing firms – Infosys, Wipro and TCS in particular – are counting on Barack Obama’s healthcare reforms to provide them with further ITO business and grow revenues in a market where the amount spent of software services is declining.

The United States is currently the biggest outsourcing market in the world, with Infosys, Wipro and TCS heavily dominating that market from an IT perspective. However, Thomas Reuters data has shown that the average revenue growth for India’s top outsourcing firms by market value is expected to drop by 5.3 per cent year-on-year for the first half of 2015.

The US market also accounts for 90 per cent of all healthcare-related contracts. Now it is likely that, due to Obamacare, US states will have to upgrade their healthcare programmes and build online exchanges where buyers can evaluate and select healthcare service providers.

According to Reuters, Everest Group expects the total value of healthcare-related contracts to more than double to $68 billion from $31 billion two years ago. The result? A huge opportunity for the big three Indian ITOs - along with the likes of Cognizant and Tech Mahindra - to beat the market’s decline and further boost their profits.

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