Indian Tech Companies Come of Age According to a recent survey by Mckinsey & Company for Nasscom, Indian tech services are expected to make a revenue of $300-$350 bn in the next five years. The next decade will see a whopping rise in the use of technology by industries across domains.
The tech sector is booming in India despite the challenges thrown by the Covid-19 pandemic. Tech companies are pushing themselves towards that extra mile to satisfy the needs of their consumers. The time is just ripe for tech companies to propel their businesses further and for aspirants to dive into the market to fetch their pearl.
With the world moving rapidly towards digitization, after a lull due to Covid-19, the demand for tech services is accelerating with equal momentum. The demand for India’s IT-enabled services is on the rise globally. The Indian tech sector is already catching up with the latest in data analysis, cloud, artificial intelligence, machine learning, robotics, cyber security, SaaS, and other emerging technologies.
Industries are expected to raise their expenditure on tech-related services and be on par with the global industries. The hybrid work culture due to the ongoing pandemic has only added to the need for tech-enabled services. According to industry experts, this hybrid work culture will stay for good and as far as this type of work culture exists, there will always be a need for tech companies offering a wide range of services.
Among the many tech services, data analysis is emerging in a big way in industries and educational institutions. In order to thrive in the market and to upscale businesses, collecting and analysing data have become imperative. All big and medium scale industries have adopted to the technology. Partnerships with tech service providers or outsourcing work to them have become the need of the hour.
With the right skills ets, there is no looki
ng back for the Indian tech companies that have already placed themselves on the tech map. They have set a benchmark for others to emulate.
In an attempt to applaud the tech companies in India that are known for excellence in service and timely deliverance, we at Insights Success featured them in our latest edition - India’s Budding Tech Companies to Watch, 2021. It was a moment of pride for us when we were curating this special edition and we hope you too feel so as you flip through the pages of this magazine.
Have an insightful read!
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