Hi Nishanth,
1. SAP Business Object is in demand as it helps, in general terms, reports and data. The important of DATA and REPORTS will never die and hence you can continue your career in that.
2. If you have one year experience in SAP BO, then I would suggest to continue your career in SAP BO.
3. While shifting to any IT industry, this one year experience will be considered as the relevant experience and you have fair chance for the selection.
Hope this will be useful.
Thanks and Regards
DJ