Thursday 9 April 2015,
The new report recognizes the following companies as the key players in the IT Market in India: Cognizant Technology Solutions Corp., HCL Technologies Ltd., Infosys Ltd., TCS Ltd. and Wipro Ltd.
Other Prominent Vendors in the market are: Aegis, Capgemini India, CSC India, Firstsource Solutions, Genpact India, iGATE Global Solutions, KPIT Technologies, L&T Infotech, MindTree, Mphasis, Polaris Financial Technologies, Robert Bosch Engineering and Business Solutions, Serco Global Services, Syntel, Tech Mahindra and WNS Global Services.
Commenting on the report, an analyst from The report's team said: “One key trend in this market is the increasing involvement in e-commerce. With the increase in online retail customers, companies are trying to cater to these customers with the help of software companies by developing customized and user-friendly applications.”
According to the report, one of the main drivers in the market is the increasing adoption of social, mobile, analytics, and cloud Services technologies by enterprises which provide a platform for small and medium enterprises to compete with larger players.
Further, the report states that one of the main challenges in the market is the high attrition rate, as many technologists are moving to the global IT services firms that are building delivery centers in India.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.