Top factors driving mid-tier IT company's growth in India
Added On:8/17/2012 8:42:00 AM
Besides global economic uncertainties, small and mid-size companies in India have posted up to 20 percent growth, according to the National Association of Software and Services Companies (NASSCOM). NASSCOM is a trade association of Indian Information Technology (IT) and Business Process Outsourcing (BPO) industry.
According to Som Mittal, NASSCOM President, the mid-size companies were most affected by the 2008 downturn. However, they changed their business strategy and that model has paid off for them.
Let’s check out two strong factors that seem to be pushing IT infrastructure upwards:
Adoption of IT in traditional working: India is witnessing a shift in the business’ view of IT. Improved customer experience as well as reduced time to markets are leading to IT infrastructure investment. Various companies have already identified the opportunity and encashing big money from it.
Cloud Adoption: Cloud (private or public) adoption is seen as a logical step towards the growth of organizations that are consolidating their datacenters. Cloud service providers are a significant contributor to industry's infrastructure growth. Numerous small and mid size organizations are already on the journey. However, India is in the early stages of Cloud adoption. As a result, there is a big scope of IT infrastructure growth especially from the cloud computing perspective in India.
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