IT/ITES Downtrends

Global financial and IT down trends are the major reasons for recent recession and global panic. The IT downtrends gave a sudden quake to various market players across the industries. Emerging countries are grabbing the opportunity of hosting some of the best IT and ITES companies. This in turn is encouraging these counties’ governments to uphold their interests of educating people and increasing the English literacy rates. As the major IT and ITES projects are up coming in specifically identified locations, the corporate also have the wide opportunity to take nascent and fresh enthusiasts.

IT downtrend is also showing its adverse impact on internet majors. In recent past some of the internet companies faced financial crisis, that in turn provided a chance to its peer group to eye on grabbing either of its assets or rights in part and together. Some of the .com majors have diversified their business and entered into new verticals. The major opportunity for the IT companies is to turn their current client base into recurring client base for their new and expanded scope of services. In general, IT and ITES companies have more client base with highest confidence in their services and capabilities. Any non-IT organization, expanding their scope of services will have to spend huge amounts on their marketing and research strategies as it is a fresh trail for them. But the IT and ITES companies already existing in the market, will have their own trendy techniques deployed on retaining their current client base. This will make them easily pitch in to their existing client with an increased portfolio of services.