While most sectors are struggling to bring back normalcy to their businesses as economies reopen, the IT sector is already recovering as firms spend to enable efficiency, digitisation, and cost-consolidation.
“Recovery has already started due to new outsourcing spends. However, for some distressed industries such as transportation and medical devices, this will start happening not earlier than Q1 CY2021,” said Abhishek Singh, VP, Everest Group.
