Global leading business information research companies forecast that the world markets will take some more time to overcome the current downtrend. In the mean time, the majorly affected segment, the financial sector has shown its adverse affect on information technology services. The adverse effect of IT or ITES downtrend has in turn caused negative effect on all the sectors including manufacturing, automobile, and finance etc. As ITES and related BPO sectors are highly influenced by global financial crisis, IT majors have taken specific measures to mitigate the risks involved. The down trend in the current demand for IT and ITES majors has highly influenced them to move into other related verticals of business or technology outsourcing. This will in turn reduce the risk involved in losing the IT or ITES businesses due to the prevailing recession.
Some of the IT majors are also considering in shifting their operational and production facilities from expensive locations to cost effective and inexpensive geographies. This will be a major reason for some of the IT majors to diversify their business verticals into related business outsourcing activities. Diversification of the technology companies’ services has also increased the opportunities enormously for non-IT consultants and work class. However, some optimist analysts opine that IT or ITES industry is having a good time to save their cost and thrive for better business outsourcing projects. As majority of the IT companies are focusing on diversifying their current portfolio existing business outsourcing players are facing a major hindrance in getting their projects outsourced by new clients.
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