TechNavio today published its report IT Service Market in India 2010“2014. The report aims to aid decision-makers™ understanding of the current and future trends impacting this market.
Commenting on the report, an analyst from TechNavio™s IT Services team said, Cloud computing is all about accessing computing resources operated by a third-party provider in usually more than one data center locations. With minimal up-front investment, cloud computing provides pay-per-use billing model. Cloud computing has been the buzz word for some time now in the Technology sector. With increasing awareness among customers about its advantages, service providers are increasingly looking at developing capabilities in cloud computing. Market leaders have realized that cloud computing enables organizations to scale resources up or down as needed and also eliminates the need to over-buy IT resources far ahead of demand.
According to the report, India is leading the list of the most favored outsourcing destinations across the world. The major source for its consistency of high-quality work has been the skilled labor pool, and the implementation of various quality control measures by companies in India to ensure a high-quality service; which attracts various MNCs for outsourcing projects. The labor rate for a highly skilled labor force in India is very economical as compared to their counterparts in the US and the UK. Therefore, companies in other countries are increasingly outsourcing their operations to India, which is increasing the demand for IT services.
The report also discusses that maintaining high growth levels is one of the key challenges faced by the IT Service market in India.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/it-service-market-india-2010-2014
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TechNavio Announces the Publication of its Report – IT Service Market in India 2010-2014
