India accounts for more than 60% of the global outsourcing market. Outsourcing of information technology (IT) services, India has good preposition in the world. India has got probably highest skilled professional in this sector. With technology penetrating into every aspect of human lives, the world is witnessing revolution in the field of information technology.
Evolve with the evolving technology is become the New mantra of this Industry. Innovative Ideas to simplify, De-bottle necking, smooth Functioning, Cloud based infra, Integration, Process Engineering, are enabling different aspects to Individual, Industry, whether it is healthcare, automotive, banking, beauty, travel, or any other industry, IT department is must and advance tech always in demand.
To resolve problems, IT would offer solutions and create a new dimension with solution of the problem. Now-a-day, Cyber-security is also become important part of the systems to protect the technology and data. New IT hubs in emerging tier II and tier III cities.
Government has given In-principle nod to WFH for this sector, So time spend on travelling, Extra Miscellaneous expense have been curbed and Man-Power utilization has seen its peak in recent times.
According, to National Association of Software and Services Companies (NASSCOM) – IT exports from India will exceed the US$330 billion by 2020. This accounts for nearly 14% of the projected world-wide spend if India maintains its current share of the global offshore IT market.
India has a strong mix of young and technically trained professionals. Government institutes such as the Indian Institute of Technology (IIT), the Indian Institute of Management (IIM), and the Indian School of Business (ISB) are known to produce high quality STEM (science, technology, engineering, and math) talent with diverse business skills.
Road Ahead
Growth prospect good for this Industry, always rising demand curve. Going forward would witness both International & domestic project execution.
Innovation would drive the leadership board. Ticket size of different magnitude available for small & large organization.
BENEFICIARIES: TCS, WIPRO, INFY, ZENSAR, INTELLECT, HCL TECH, TECH M, LTI.
