Exports-focused Indian IT services firms have stepped up focus on the typically smaller footprint domestic market, driven by Indian companies transforming their business using digital technology and as the government moves to use technology to improve governance.
In the past couple of years, the IT services sector has seen more levels of automation and a resultant price rationalisation. This, analysts said, has created a level playing field in the Indian market and allowed Indian IT services providers to offer competitive prices in the domestic market.
As companies look at more automation and start using IT for business growth, the space for Indian IT firms in the local market is widening. At the same time, more Indian companies and government-run organisations are spending on digital technology services to transform their offering to the mobile-first users. “Infosys and HCL Tech are the most aggressive in refocusing on the Indian market,” said Sanchit Vir Gogia, CEO, Greyhound Research.
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
Have a question on this or other Technology & Innovation topics? Click here to set up an enquiry call with Sanchit Vir Gogia.
Copyright © 2019 Greyhound Research. All rights reserved. You may share this research note using the options made available. Please don’t copy this research note (complete or parts) and distribute over the web and emails. Connect with us if you need clarifications.