Recent Trends in Information Technology While the rest of the world is struck by the tide of economic downturn, optimism still reigns in India and continues to grow and the IT industry has been playing a vital role in the economic, social and political field and has put India in the global map for its technical competencies. India has not been too vulnerable to the falling market when compared to the other countries. The efficacy to access information and the system security systems have transcended time and has made the world a global village. This in turn has paved way for number of companies to do functions related to manufacture, sell, distribute and market. With mobility, remote accessibility and connectivity has been made easy with the help of technology. Information management and system security is also further emphasized by technology. India's youthful generation, English speaking lot and the technical competency have played a key role in the growth of the IT industry in the recent years. According to Nasscom India's Information Technology services increased by 20% this year and the hardware sales by upto 17%. It is predicted that the economy will further worsen but India will remain less affected when compared to the other nations like North America, Europe and other Asia pacific markets like Japan,Australia and Korea. It is also said that India's GDP will be the highest in the next year when compared to any other developed and developing country by John Chambers, Chief Executive, Cisco. Indian government has also initiated rapid growth in the IT field and has played a crucial role in delivering the impressive output and for the renowned international and domestic vendors giving way for the increase in the 50% of the revenue in the year 2008. Technology is very important when it comes to building specialization and hence technology becomes indispensable in the long run. According to Springboard, due to the recessionary tide, the chance of cut throat competition is relatively high which in turn would make the companies to concentrate on the fruit they would be reaping for their capital investment. This again will result in the wide range of participation of the IT vendors. Technology trends in the networking field has always meant economic growth and 2009's is moving towards three main technologies like Standardisation, Virtualisation and a unified communication fabric in the data center. The emerging trend is also to do a lot
with the technology trends like SaaS and computer clouding. The IT consolidation has become one of the prime areas of focus due to the pressure of cost effectiveness faced in the world due to the economic downturn. The arrival of 3G has further lead to unfolding of umpteen number of opportunities. The current economic crisis is also compelling the small and medium business towards outsourcing and software as a service along with the start ups and smaller businesses becoming the target companies for the IT vendors. The Green IT also paves way in gearing up the over all IT sector.