COVID-19’s impact on IT outsourcing sector
The outbreak that started at the beginning of 2020 gives us cause to look at the global economy holistically. How will it be affected by the coronavirus pandemic and what is the situation of the IT industry in all this?
Successful companies outsource IT projects to achieve business agility and understand this process is a long-term investment with a long-term payback. For many years, mainly due to financial reasons, India has been a place where European and American technology companies have been looking for IT specialists.
Current situation has been very challenging for this region. As per the UN report, India is among the top 15 economies most affected by the coronavirus pandemic. Due to the COVID- 19 situation, over 50% of companies located in India did not have sufficient technological resources to switch to remote work according to the Gartner report.
How are India’s biggest IT companies doing in these difficult times and where to look for alternative solutions? We invite you to read our analysis on the topic to find answers to these questions.