Indian IT Cos moving to Domestic Market
Many Indian information technology companies are turning to the domestic market for growth and new business opportunities.
Bombay Stock Exchange-listed Zensar grew 23 per cent sequentially last quarter. Natarajan says a lot of growth will come from the increasing use of IT within Indian companies.
Tata Consultancy Services (TCS) recently launched iON - a cloud computing system aimed specifically at domestic small and medium businesses (SMBs). TCS expects iON to become a $1-billion business within the next five years.
The trend resonates in the findings of the National Association of Software and Services Companies (Nasscom), the apex IT industry body.
It attributes the trend to demand from voice-based services, in addition to adoption from emerging verticals, new customer segments and value-based transformational outsourcing platforms.
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