IBM remains IT services market leader in India

by Editor 9/30/2008 4:26:00 PM
IT consulting jobs

IBM announced yesterday that it is still the leader on India’s domestic IT services market, with 9.6 percent of the market share in 2007, according to IT market research firm IDC.

IBM’s leading position in IT services in the country is the result of large-scale business transformation engagements, new signings across consulting and application services portfolios and growth in Integrated Technology Services, Strategic Outsourcing, and Maintenance and Technical Support.

“It is indeed a great honour to be recognized as a leader by IDC in the domestic services market,” said Nipun Mehrotra, Vice President and General Manager, Global Technology Services, IBM India/South Asia. “While organizations in India put their efforts towards the next phase of growth, they simultaneosly want to mitigate any kind of risk that may impede their growth.”

“Organizations today understand the significance of optimizing their investments in IT and viewing both IT and business strategy as a complementary piece and not isolated,” he continued. “To realize all these, they are looking up to partners like IBM who can help their business really grow and not just stop short at fulfilling some need-based IT requirements.”

“The India domestic IT services market has grown to be over $5 billion in 2007 and this growth can be attributed to the growth in number of outsourcing contracts being signed up in the country,” explained Praveen Sengar, Senior Manager Software & Services Research, IDC India. “Vendors that continue to invest in building their capabilities will find numerous opportunities to tap the rapidly growing demand for services from local customers as Indian enterprises’ IT deployments increase in maturity and complexity to meet emerging business challenges."

IBM has a wide spectre of assets worldwide which, along with the company's experience, innovative approaches and capabilities, allow IBM to effectively address specific client requirements. IBM is also able to replicate these assets for customers in India, where its leaders are creating unique and innovative solutions that address the clients’ needs. IBM Global Services closely collaborates with more than 2,000 organizations across multiple industry sectors in India.

Sandip Patel, Managing Partner and General Manager, Global Business Services, IBM India/South Asia, said: “The Indian domestic IT market has witnessed huge transformational deals lately as opposed to stand-alone services in a piece-meal fashion from multiple vendors and this trend is likely to grow as companies ride the growth wave to differentiate in the market and become players in the global economy.”

He added: “Clients want global know-how and prefer a partner like IBM so they can leverage the length and breadth of technological innovation, global industry skills, and financial strength. What separates us from the rest is our ability to combine industry insights, software, hardware and consultancy into business solutions for our clients.”

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