Indian IT services providers Tata Consultancy Services, Infosys and Wipro expect their communications and utilities verticals to clock steady growth, even as the core financial services, retail and travel segments take a hit due to the Covid-19 pandemic. Clients in the travel and hospitality industry have already reduced existing and fresh technology services contracts.
Analysts expect new growth sectors to emerge.
“With the epidemic situation forcing people to work remotely, there will be investments in privacy, compliance, remote access and consumer experience. In e-commerce, customer experience and data security will see a significant investment,” said Sanchit Vir Gogia, chief executive, Greyhound Research.
Healthcare and pharmaceuticals, transportation, construction and real estate would drive higher demand, he added.
P.S.: To help our clients and subscribers better tackle COVID-19, we at Greyhound Research have decided to launch a new research theme called Transform For COVID-19. It includes insights and practical guidance on how you can transform your organisation during this pandemic. You can access the new research theme, Transform For COVID-19, here.
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 Technology & Innovation topics? Click here to set up an enquiry call with Sanchit Vir Gogia.
To receive the latest insights (#GreyhoundStandpoint) from Greyhound Research, subscribe to our Newsletter ghound.co/Newsletter.
Copyright © 2020 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.