Mid-tier IT firms are able to sustain their client base in a tough economic environment, and are not losing out to the vendor consolidation that usually kicks up during a slowdown in the IT sector. Experts are of the opinion that once demand comes back, mid-tier IT firms will be the first ones to see growth revival on the back of a higher number of digital deals.
“There are some early indications that we may start to see some level of recovery in the late second quarter and building after that. Much depends on the greater macro environment and if the soft landing of the economy happens,” Peter Bendor Samuel, CEO of Everest Group, told Bizz Buzz.
