Europe Market Outperforms North America in Q3 for IT Cos; Demand to Return in H1FY25 | In the News

January 17, 2024

Europe has performed better than the North American market for the top four Indian IT companies including Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro. Execution of some large deals and subsiding of the ill-effects caused by the Russia-Ukraine war crisis were some other reasons that drove UK and continental Europe to pip the North American market in terms of growth, experts have said.

However, most analysts believe demand will bounce back by the second half of this calendar year. Peter Bendor-Samuel, CEO of market intelligence and research firm Everest Group, believes that whether interest rates in the US are cut or not, the IT services business will see a possible rebound soon.

Read more in Money Control.

The Last Word: Showcasing Uzbekistan’s IT potential | In the News

December 3, 2023

Rohitashwa Aggarwal, Partner at Everest Group, first started looking at Uzbekistan several years ago and its growing IT sector.

“When we look at firms operating in the UK, about a quarter make use of IT talent based in the UK, another quarter is based in Europe, another quarter in India, and the fourth quarter is based throughout the rest of the world,” he said.

Considering the wide range of incentives that Uzbekistan’s IT Park has to offer, it could be a viable alternative.

Read more in Emerging Europe.

Ex-meta Staffers See Booming Business Targeting Online Disinformation after Two Wars Break Out | In the News

November 19, 2023

Today, social media is dealing with a swarm of content related to two simultaneous wars, one in the Middle East and another between Russia and Ukraine.

Manu Aggarwal, Partner at Everest Group, said trust and safety is among the fastest-growing segments of the business process services market. By 2024, Everest Group projects trust and safety will represent about $11 billion of the overall $300 billion business process services. Everest Group’s Practice Director Abhijnan Dasgupta estimates that spending on trust and safety tools could be between $750 million and $1 billion by the end of 2024, up from $500 million in 2023.

Read more in CNBC.

EU Bright Spot for Indian IT as US Slows Down | In the News

October 25, 2023

In the just-ended second quarter, most IT firms witnessed good growth coming from the European market, while the US showed signs of a substantial slowdown.

Despite Europe performing well for Indian IT companies, it may not be able to compensate for the growth slowdown coming from the US. Analysts are of the opinion that the Indian IT industry may continue to face a slowdown during the remaining half of the current financial year. “We expect a difficult end to the year and a difficult first two quarters of next year,” said Peter Bendor-Samuel, CEO of Everest Group.

Read more in Bizz Buzz.

The Global Brands’ Essential Guide to Navigating CX Delivery | Webinar

October 17, 2023

Webinar

The global brands' essential guide to navigating CX delivery

October 17, 2023

8:00 AM PT | 10 AM ETT

Join this expert panel featuring Everest Group Partner and CX expert, David Rickard, to discover how multi-regional and global brands can grow and deliver game-changing customer experiences.

They will discuss:

The market landscape driving global CX strategy
Where to focus in the customer journey to achieve excellent CX
How brands can benefit from a global CX partner

David Rickard

Partner, Everest Group

Nora Boros

Chief Global Sales Officer, Webhelp

Israel-Hamas War: Tech Firms May Shift Ops to India, Elsewhere If Conflict Escalates | In the News

October 12, 2023

Global technology majors having offices in Israel could potentially move their business operations to India or other locations if the Israel-Hamas conflict escalates, industry experts said. Indian firms such as TCS and Wipro could also activate business contingency plans and shift operations to India, they added.

Tech services may be impacted in the short to medium term as the conflict raises safety concerns and many of the people employed in Israel may be called up to fight, said Peter Bendor-Samuel, CEO of Everest Group. “Workloads will shift in the short run to offset risk. India and Eastern Europe would benefit if there is a material impact,” he added.

From Vision to Reality: Defining a Net Zero Pathway for Enterprises | LinkedIn Live

October 10, 2023

LINKEDIN LIVE

From Vision to Reality: Defining a Net Zero Pathway for Enterprises

View the event on LinkedIn, which was delivered live on Tuesday, October 10, 2023.

The rapid transition to a net zero economy stands as the paramount concern of the decade to address the climate crisis 💫, demanding attention and action from government and enterprises.

However, enterprises are facing challenges on their net zero journeys, including limited financial and technical resources, a lack of clear guidelines and frameworks, and the complicated task of transforming their operations and supply chains.

📣 📣Join this LinkedIn Live session to hear our expert analysts discuss how enterprises can navigate complex regulatory frameworks, define a net zero pathway 🎢, and implement their sustainability strategy. We’ll examine the current net zero tech and services market and analyze trends and key drivers shaping demand-supply dynamics.

What questions will the event answer for participants?

✅What challenges do global 🌍 enterprises in various industries face on their net zero journeys?
✅What are the key demand themes in the market that sustainability leaders across the globe are following to accelerate their path to net zero?💹
✅What are the key trends shaping the net zero technology and services market?

Nitish Mittal

Partner

Babiche Veenendaal-Westerbrink

Sustainability and Climate Change Expert

Arpita Dwivedi

Practice Director

Concentrix to Rebrand After Wrapping Up Its $4BN Webhelp Deal | In the News

September 29, 2023

Concentrix has completed a US$4 billion move for fellow customer experience BPO Webhelp. Interestingly, in April – when the deal was first touted – the price tag stood at US$4.8 billion. In line with that change of language, Concentrix will temporarily operate under the name “Concentrix + Webhelp.”

With that joint global footprint, Concentrix + Webhelp will enjoy a 6-8% share of the BPO market – according to Everest Group.

Read more in CX Today.

World Procurement Excellence Summit | Conference

September 27, 2023

Conference

World procurement excellence summit

September 27, 2023

David Rickard, Partner at Everest Group, will be speaking at the World Procurement Excellence Summit. His will discuss how sourcing teams should adapt to emerging technology trends:

The influence of emerging technologies on an organization’s run, operate, and change mandates
The impact of emerging technologies at varied adoption stages on sourcing dynamics and strategy
How to evolve category strategies to support the technology adoption cycle
How to align supplier segmentation and portfolio strategy to the fast-evolving supplier landscape

Learn more about the event

David Rickard

Partner, Everest Group

Navigating the European CXM Outsourcing Market: Trends and Insights | Webinar

September 19, 2023

ON-DEMAND WEBINAR

Navigating the European CXM Outsourcing Market: Trends and Insights

WATCH THE WEBINAR ON-DEMAND

In today’s fast-evolving business landscape, the demand for exceptional customer experiences in Europe is on the rise. Factors such as language requirements, regulatory considerations, and cultural nuances will be key to getting it right as organizations expand their global reach.

Watch this on-demand webinar as our customer experience management (CXM) experts explore the current landscape, emerging trends, and future prospects in the European CXM outsourcing industry. You will come away with a comprehensive understanding of the market dynamics, key players, and strategies for success in this developing landscape.

What questions will the on-demand webinar answer for the participants?

What is the current state of the CXM outsourcing market in Europe in terms of size, growth rate, and regional variations?
What are the emerging trends and industry dynamics shaping the CXM outsourcing landscape in Europe?
What are the cultural nuances, language requirements, and regulatory considerations that organizations should be aware of when considering CXM outsourcing in Europe?

Who should attend?