‘Indian offshore model will dominate IT scene for a decade’

Firms in India are ‘pandemic winners’; prices trend lower

IT markets are picking up to such a degree that both the U.S. and Europe are running out of critical skills, and with this, offshore and Indian alternatives are increasingly becoming attractive for tech buyers, analysts said. In addition to the skills shortage, the pandemic-induced work-from-home has further raised the openness of global tech buyers to working in a distributed environment, away from onshore (or the client’s location), Peter Bendor-Samuel, CEO, Everest Group, said. “These factors are working together and have gone a long way to offset the pre-Covid trend to onshore. The effects of the pandemic may go away but the talent shortage looks to be increasing and is likely to stay for several years... Be it offshoring or onshoring, a robust market is floating all boats and they are likely to sail steady for the next few years.”