IT CONSULTING MARKET SEES HEALTHY FUTURE

Bangalore
The Hindu Business Line Business Standard

The shortage of IT talent in developed countries and the growing sophistication of offshore IT destinations are supporting healthy growth in the IT consulting market, according to a market analysis and survey of 15 IT consulting companies by Everest Research Institute and Bernstein Research.

The IT consulting market, estimated at $104 billion, has shifted its value proposition to meet growing needs of buyers seeking solutions for business changes, regulatory issues, access to new technologies, and heightened needs for specialised talent, according to the study titled ‘Reading the Alphabet Soup: SI, PI, ERP, etc — The Changing Drivers of IT Consulting’.

“As a result of globalisation, the industry is now looking at more and more specific IT consulting tasks that can be offshored,” said Gaurav Gupta, Country Head & Principal, Everest Group.

Suppliers have engaged IT talent in low-cost geographies such as India, Eastern Europe and Latin America, to provide activities like ERP implementation support, which shows an increase in offshorability of all IT consulting activities except some highly interactive ones that require onsite presence.