Indian IT majors are expected to see significant pressure on their pricing in fiscal 2023-24 due to an environment marked with slow technology spends, said analysts.
Pricing power has shifted from the providers to the buyers, said Peter Bendor-Samuel, CEO of Everest Group. “We are starting to see significant pressure to lower pricing as the vendor consolidation with larger deals is dominating the market and looks to do so for the foreseeable future,” he added.
