India’s IT/ITeS sector have been on an upward trend in the last couple of years. This is despite adverse geopolitics and market factors. In 2022-23, the sector logged a record growth and is expected to touch $245bn, adding $19bn in revenues over the previous year. IDC estimates that some of the sub-sectors will grow at a CAGR of 8-9% between 2022-26 . Because the IT sector exports a major share of its services to global clients, cost-cutting measures from businesses in other countries have created more growth opportunities for the industry . Many have grown their clientele by signing new contracts, and top firms have continued to hire amidst layoffs in the technology sector. With sound business fundamentals, the IT sector is headed towards another strong year – but it won’t be smooth sailing by any means. Let’s look at the top five trends that are bound to cause profound shifts in the industry. Unsplash Jump To #1: The scope of IT services will expand, creating more growth opportunities #2: More offshore clients call for better collaboration capabilities #3: Cloud-first environment will lead to platformisation of services #4: Managing internal networks will get more important #5: Robust security capabilities […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
