Indian IT firms to log 20-30% growth in 2022: analysts
The Hindu
‘Digital transformation to power deals’
India’s IT firms will benefit from an ‘enormous wave of opportunities’ in 2022 as the trends of increasing cloud adoption and digital transformation that dominated 2021 gather momentum and drive 20%-30% growth for the industry, forecast global tech analysts.
“The opportunity is far bigger than just the post-COVID recovery,” said Peter Bendor-Samuel, CEO at the Dallas-based sourcing research firm Everest Group. “It is a mega wave driven by digital transformation at scale... this wave is enormous and big enough to drive double-digit growth in the range of 20%-30%, especially for firms that are equipped to meet the demand for talent,” he added.
With global enterprises increasingly embracing cloud and rapidly moving to modernise their technology infrastructure ‘like never before’, Indian IT vendors had seen strong momentum on digital deals, according to Hansa Iyengar, principal analyst at Omdia, an enterprise technology advisory group in London.
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