Outsourcing IT Services to India – Trends and Benefits

Information about Outsourcing IT Services to India – Trends and Benefits

Published on July 17, 2014

Author: invensistechnologies

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PowerPoint Presentation: Trends & Benefits of Outsourcing IT Services to India PowerPoint Presentation: NASSCOM, the Indian IT-BPO industry body, recently released its ‘ Quarterly Industry Review June 2014 ’ which offers a snapshot of the current state of the IT services industry in India and the new offerings that are delivering benefits for clients around the world. PowerPoint Presentation: Some key highlights of the report are: Revised global IT spending growth for 2014: Gartner increased their estimate to 3.2% (as of April 2014) from the earlier January estimate of 3.1% IDC reduced its forecast of total IT spending growth for the year to 4.1% (as of April 2014), from the earlier January estimate of 4.6% The macroeconomic fluctuations in the world, driven in part by political crises in Ukraine and Iraq, and the economy slowdown in China, are making IT spending volatile as well. However, it is believed that a more positive capital spending cycle will emerge in the second half of 2014. PowerPoint Presentation: In the last quarter of FY 2014, geographic revenue growth of Indian IT service companies from North America saw a Q-o-Q increase of 0.6% and a Y-o-Y increase of 11.3%. From Europe, Q-o-Q growth for Indian IT service companies was 2.4% and Y-o-Y growth was 12%. From the rest of the world, Q-o-Q growth for Indian IT service companies was 2.5% and Y-o-Y growth was 4%. The traditional verticals of BFSI and telecom were key growth drivers for IT service companies. Emerging sectors, such as retail, utilities and healthcare, also contributed to growth. PowerPoint Presentation: IT Services Industry Projections for 2014 24/7 support IT services exports will reach ~ USD 52 billion in FY 2014 IT services exports will be driven by the development and maintenance of custom applications for solutions, including for SMAC (Social, Mobile, Analytics, Cloud) and vertical-specific apps. This segment will see a ~ 13.4% growth rate from last year. Information Systems (IS) outsourcing is the fastest growing segment, with growth rate exceeding 18%. The IS sector now includes hardware vendors and telecom or hosting service providers. PowerPoint Presentation: IT Services Industry Projections for 2014 24/7 support In IT consulting, which will grow at more than 14% from last year, demand for services will be for SMAC, vertical-specific knowledge and transformation of the data center. Software testing, which will grow at 18% this year, will focus on mobility and cloud-based testing. Testing-as-a-Service, which is an on-demand, pay-per-use pricing model, is growing as well. Analytics exports could cross USD 1 billion in 2015. PowerPoint Presentation: The Growing Value of SMAC for Clients In an increasingly digital world, SMAC offers the following advantages for businesses: Flexibility of operations, particularly with regard to BYOD practices Re-defining turnaround times Gaining actionable insights to give customers what they want Enhanced business intelligence Improved decision making Empowering stakeholders Garnering business efficiencies PowerPoint Presentation: Why Companies Prefer Outsourcing IT services to India PowerPoint Presentation: Cost effectiveness leading to considerable efficiencies. High quality of human capital and expertise across domains. Maturity of industry is enabling innovation and devising of cutting-edge products and solutions. A choice of business models, ranging from the traditional on-shore, off-shore and near-shore, to emerging models such as those that are based on license fee, usage and outcome. Offerings that are growing with client requirements, such as collaboration, business intelligence and analytics. PowerPoint Presentation: Outsourcing IT services and solutions requirements to India will continue to give strategic value to companies around the world. By finding the right partner for their needs, organizations can drive growth and gain an advantage in their chosen markets. PowerPoint Presentation: THANK YOU Invensis Technologies (P) Ltd. 34/1 Upkar Chambers, R.V. Road Bangalore – 560004, India USA +1-302-261-9036 UK +44-203-411-0183 AUS +61-3-8820-5183 IND +91-80-4115-5233 sales {at} invensis {dot} net www.invensis.net Click to View our Blog Post on Trends & Benefits of Outsourcing IT Services to India

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