Why is Indian IT Shunning a $125 Bn Opportunity
Bangalore: Indian IT is very well known for its disinclination towards the latest trends in the ‘ever-flourishing’ global tech industry. And now there is a new source of drift that is making the Indian IT more and more skeptical. Well, not a trend exactly, a means of revenue where companies are requested to shift their maintenance deals from the likes of SAP and Oracle, to third party companies, as reported by TOI.
On the brighter side, the shift means cost savings and better maintenance management. But on the darker side which keeps India’s IT cynic, the high levels of risk that could compromise their existing business.
Let’s look in to the facts. Swinging the maintenance deals from the hands of established companies like SAP and Oracle is a real risk but according to a recent study by sourcing advisory Constellation Research, savings are expected to shoot up to 50 percent as this new market is worth more than $125 billion ( 6.8 lakh crore). The numbers are pretty large when we realize that the Indian IT services industry is worth somewhere around $100 billion.
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