Tag: IT

Mid-tier IT Loses More Ground than Larger Ones as Vendor Consolidation Gains Steam | In the News

Mid-tier information technology (IT) companies lost more ground than their larger peers in the financial year 2023-24 as vendor consolidation deals by clients have led to a decline in revenue growth, as well as on a smaller base.

Yugal Joshi, Partner at Everest Group, said that “mid-tier companies are reliant on key clients as they form a large part of their business. And if anything happens to those clients, it impacts these smaller firms.”

Read more in Money Control.

Why Indian IT’s Reliance on H-1B Work Visas Has Plunged 56% in the Last 8 Years | In the News

Over the past eight years, India’s top seven IT services companies have experienced a 56% decrease in their utilization of the H-1B visa program, which is the premier US work visa. Indian IT companies are adapting to US visa changes and shifting to local hiring and digital services.

“However, it has not eliminated the need, and most Indian firms would like to increase the number of H-1Bs. It is the huge numbers applying for H-1Bs and the lottery to get them which is constraining the numbers,” said Peter Bendor-Samuel, CEO of Everest Group.

Read more in The Times of India.

Data Observability Technology Provider PEAK Matrix® Assessment 2024

Data Observability Technology Provider

The rising adoption of AI and ML has revolutionized how enterprises use data, elevating its importance to unprecedented levels. Today, data is integrated into every facet of operations to facilitate decision-making and drive innovation, resulting in a substantial increase in data access and consumption. However, the ever-evolving landscape of high-volume data, coupled with intricate interdependencies between platforms, has amplified challenges for data teams. These challenges hinder their visibility into data movement, quality, reliability, and the cost of data operations.

To address these challenges, enterprises are embracing modern data management practices such as data observability. Data observability offers end-to-end visibility of data estates, enabling organizations to proactively identify and diagnose data-related issues while optimizing the underlying data’s overall health.

Data Observability Technology Provider

What is in this PEAK Matrix® Report

In this report, we assess 20 providers featured on the Data Observability Technology Provider PEAK Matrix® 2024. Each profile offers a comprehensive picture of the provider’s key strengths and limitations.

Contents:

In this report, we examine:
 
  • The data observability technology provider landscape
  • Data Observability Technology Provider PEAK Matrix® characteristics
  • Enterprise sourcing considerations

Scope:

  • All industries and geographies
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading data observability technology providers, client reference checks, and an ongoing analysis of the data observability market

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What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

TCS May Outperform Peers in FY25 Growth | In the News

Tata Consultancy Services (TCS) is likely to perform better in the current financial year as compared to its peers in the industry, with its strong positioning in the Indian and European markets supporting its growth trend.

“TCS benefited from having a different mix of services and most importantly, having a bigger footprint in the Europe and Indian marketplaces. If you look at its performance in North America, it is very similar to Infosys and Wipro. However, the large contracts they won in India and Europe have pulled them through,” Peter Bendor Samuel, CEO of Everest Group, told Bizz Buzz.

Read more in Bizz Buzz.

CCAP Keeps Confidence on Contact Center Sector’s Resilience and Revenue Potential | In the News

The contact center and business process sector are expected to post an estimated record annual revenue of around US$32.16 billion in 2024. This conservative projection is based on a yearly average sectoral revenue growth of about 9%, as indicated in an analysis by global industry research firm Everest Group.

In terms of full-time employment, the contact center sector also continues to provide roles to increasing numbers of Filipinos nationwide. Based on Everest Group data, call center firms employed 1.51 million individuals in 2023—a 9.4% rise from 2022 figures.

Read more in Business Mirror.

Was VMware’s Takeover by Broadcom a Terrible Mistake? | In the News

In general, 2023 was a good year for VMware. With a vast market share in the virtual machine (VM) space and generating revenue of over US$13 billion and continuing to ink deals across new markets.

Some months before its acquisition by Broadcom, VMware celebrated its twenty-fifth birthday. The milestone feels appropriate – for, according to Mukesh Ranjan, the company was “the pioneer” of VM software. The IT services expert at Everest Group stresses that the company has grown to enjoy a “massive presence” across the enterprise landscape.

Read more in Tech Monitor.

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