'No indicators for a downturn in Global It spending'
Market Researcher IDC on Friday sought to allay fears about an impending IT slowdown, saying there were no indicators that "we are headed for a downturn in global IT spending."
By PTI |
BANGALORE: Market Researcher IDC on Friday sought to allay fears about an impending IT slowdown, saying there were no indicators that "we are headed for a downturn in global IT spending."
"The macroeconomic indicators that IDC uses to gauge the strength and direction of IT spending do not indicate that we are headed for a downturn in global IT spending," IDC Chief Research Officer John Gantz said.
The key issues for the Indian IT export market would lie less in overall worldwide IT market growth and more in the internal dynamics around IT outsourcing, Indian labour supply, and competition from other regions, he said.
Speaking at IDC India's "Directions 08" session here, he also urged the Indian software players to differentiate themselves in the global software market.
Indian software industry had built exceptional brand equity in the global markets by delivering quality software at reasonable cost, he said.
But, he cautioned, this competitive edge would begin to fade away in five-seven years. Building a new set of strong differentiators in the global markets would be a critical success factor for large players, Gantz added.
He said, India was a high growth and attractive market, "we expect a number of MNC firms like IBM, EDS and Accenture to scale their operations in India. However, their biggest challenge would be in managing large work force in their India offshore facilities," he said.
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