Tech Sector Upbeat as All-Round Growth on the Way: Study | In the News

The technology sector is on a high as buyer markets and US and European economies are expected to boom. An across-the-board high growth is on the way that would virtually cover all market segments, said an Everest Group study.

The Dallas-based consulting and research firm spoke to 32 large global tech players, including lead Indian IT firms, to prepare a report on the market outlook for 2019. While 2017 delivered mid-single-digit results for revenue growth, 72 per cent of service provider respondents are confident that revenue growth will be significantly higher in 2018 and 2019.

Michel Janssen, chief research guru at Everest Group, told FC: “The challenges ahead for Indian providers will clearly be to find ways to help their customers in locations where talent is not available. There is a tonne of noise out there with things like Trump, China, Brexit etc…but reality is that businesses are adapting and just doing what they need to do in a high-growth market.’’


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