The United States and UK are the top two markets for the $190 billion Indian IT industry and the spike in Covid-19 cases has brought back concerns of a global lockdown, and how this would impact the sector.
Sanchit Vir Gogia, Chief Analyst & CEO, Greyhound Research, said customers were opting for larger IT service providers that usually have a bigger talent pool, over smaller ones that struggle to retain employees during boom times.
“A lot of the digital transformation that started last year is still in progress and it will not stop. The (IT service) companies are insulated by the remote and hybrid working arrangement rolled out over the past year, existing and ongoing demand for digital solutions,” Gogia said.
A third Covid-19 wave globally would help speed up digital transformation initiatives, instead of hampering them.Economic Times
Copyright Policy. All content contained on the Greyhound Research website is protected by copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Greyhound Research, or, in the case of third-party materials, the prior written permission of the copyright owner of that content. You may not alter, delete, obscure, or conceal any trademark, copyright or other notice appearing in any Greyhound Research content. We request our readers to not copy Greyhound Research content and not republish or redistribute them (in whole or partially) via emails or republishing them in any media, including websites, newsletters or intranets. We understand that you may want to share this content with others, so we’ve added all relevant links and tools under each content piece that allow you to share the content. If you have any questions, please contact our Community Relations Team at email@example.com.