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
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