Tough Times for IT Co as Digital Projects on Hold | In the News

67% of major enterprises facing reduced IT sourcing budgets; 24% cos are reducing budgets to get through slowdown

“There is still demand for digital (projects) and the smaller client firms favour working with smaller vendors. Hence, we don’t see significant challenges for the smaller firms if they are able to pivot having a cost savings and digital message. Hence, we see a market which is facing some deceleration for everyone, with the cost saving segment coming back strongly. The challenge is for every firm to pivot to the new market conditions,” Peter Bendor-Samuel, CEO of global consultancy firm, Everest Group told Bizz Buzz.

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