IDG Contributor Network: What does the future hold for the IT services industry?
It would probably be an understatement to say the IT services industry is spooked by the recent financial results reported by major IT services providers. Both the top and the bottom lines have been under pressure. The medium-term future, and even the shorter term, have become unpredictable. Results are inconsistent, and companies have softened their guidance on future growth rates.
At the same time, tech spend around the world is increasing. At the NASSCOM Product Conclave in Bangalore a couple of months ago, I was struck by the buoyancy of the start-up market. India alone is home to more than 5,000 start-ups, and this number is slated to more than double by 2020. There is no doubt the tech love affair will continue to heat up as new innovations continue to spring from both unlikely garages and sophisticated computer labs alike.
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