{"id":58525,"date":"2023-05-30T15:18:27","date_gmt":"2023-05-30T07:18:27","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=58525"},"modified":"2023-05-30T15:18:27","modified_gmt":"2023-05-30T07:18:27","slug":"it-giants-to-expand-market-shares","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/it-giants-to-expand-market-shares\/","title":{"rendered":"India\u2019s IT giants to expand global outsourcing market shares"},"content":{"rendered":"

BENGALURU, INDIA \u2014 Industry insiders expect Indian tech giants Cognizant, Infosys, and Tata Consultancy Services (TCS) to expand their shares in the global outsourcing market this financial year due to leadership shifts and significant deal acquisitions.<\/span><\/p>\n

Cognizant, under new CEO Ravi Kumar, is particularly expected to recover from previous underperformance.\u00a0<\/span><\/p>\n

Though facing leadership and organizational hurdles, TCS is projected to boost its share. Infosys, meanwhile, is likely to secure large deals, a critical factor in augmenting revenue growth.<\/span><\/p>\n

\u201cHistorically, TCS, Infosys, and Cognizant have been able to add share in difficult times. Cognizant looks well positioned to regain share with Ravi Kumar changing the focus and moral,\u201d said Peter Bendor- Samuel, CEO of global consultancy firm Everest Group.<\/span><\/p>\n

According to anonymous sources, Indian IT majors are also accelerating their sales efforts concerning large deal teams to corner a more significant share of the outsourcing market.<\/span><\/p>\n

This news comes as rating agency Crisil predicted a modest growth outcome \u2014 around 10-12% \u2014 for the Indian IT industry this FY24.\u00a0<\/span><\/p>\n

Crisil added that large-cap IT firms would unlikely achieve double-digit revenue growth this year.\u00a0<\/span><\/p>\n

Other sources told <\/span>Bizz Buzz<\/span><\/i> that large service providers would benefit from clients consolidating their IT operations with one vendor instead of distributing it among many tech players.<\/span><\/p>\n

Read more here.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BENGALURU, INDIA \u2014 Industry insiders expect Indian tech giants Cognizant, Infosys, and Tata Consultancy Services (TCS) to expand their shares […]<\/p>\n","protected":false},"author":12,"featured_media":58517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201],"tags":[],"yoast_head":"\nIndia\u2019s IT giants to expand global outsourcing market shares - Outsource Accelerator<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/app2690.cloudwayssites.com\/it-giants-to-expand-market-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s IT giants to expand global outsourcing market shares - Outsource Accelerator\" \/>\n<meta property=\"og:description\" content=\"BENGALURU, INDIA \u2014 Industry insiders expect Indian tech giants Cognizant, Infosys, and Tata Consultancy Services (TCS) to expand their shares […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/app2690.cloudwayssites.com\/it-giants-to-expand-market-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Outsource Accelerator\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/outsourceaccelerator\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-30T07:18:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/app2690.cloudwayssites.com\/wp-content\/uploads\/2023\/05\/3-9.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"HJ Suroy suroy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:site\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"HJ Suroy suroy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/app2690.cloudwayssites.com\/it-giants-to-expand-market-shares\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/app2690.cloudwayssites.com\/it-giants-to-expand-market-shares\/\"},\"author\":{\"name\":\"HJ Suroy suroy\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/f226e9b21c9720115eb44eadda5ea32a\"},\"headline\":\"India\u2019s IT giants to expand global outsourcing market shares\",\"datePublished\":\"2023-05-30T07:18:27+00:00\",\"dateModified\":\"2023-05-30T07:18:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/app2690.cloudwayssites.com\/it-giants-to-expand-market-shares\/\"},\"wordCount\":220,\"publisher\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#organization\"},\"articleSection\":[\"Global\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/app2690.cloudwayssites.com\/it-giants-to-expand-market-shares\/\",\"url\":\"https:\/\/app2690.cloudwayssites.com\/it-giants-to-expand-market-shares\/\",\"name\":\"India\u2019s IT giants to expand global outsourcing market shares - 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