Siva Prasad Nanduri, chief business officer, TeamLease Digital, outlines the skills that will help you get a job in 2023.
The cloud market in India is expected to grow by 26% by the end of 2022.
Tata Consultancy Services (TCS) - the largest information technology (IT) services provider in India and the second-largest globally - recently set an ambitious goal of $50 billion in revenue by 2030. The growth required to reach this goal, however, is lower than the company's own standards. In the past decade, TCS revenues, or net sales in US dollar terms, have grown at a compound annual growth rate (CAGR) of 9.5 per cent, from $10.2 in 2011-12, to an expected $25.3 billion during 2021-22 (FY22), based on its revenue trend in the first nine months of FY22.
Tata Motors recently cut the sales forecast of its luxury car brand, JLR, due to chip shortages, scaling down its production numbers from the earlier 120,000 units to 60,000-65,000 units by September, and leading to an almost 10 per cent fall in the company's stock. In May this year, Bosch India, too, had stated that chip shortfalls would impact its production, as supply chains were getting disrupted.
What will happen to the job placement and summer internship plans of India's management and IIT students? Many campuses are stepping in to help students hang on to their placements, in spite of the lockdown.
Samsung also battling low-cost Chinese vendors.
The revenues from mobile services stood at Rs. 1.1 trillion in 2012, Gartner said in a statement.
With smart mobile devices inching out desktops and laptops, global research firm Gartner has said that it expects about half of first time computer purchases to comprise of tablets by 2017.
Humans will work far more collaboratively with artificial intelligence for rapid and complex decision-making.
Gartner expects the growth to continue in the third quarter also owing to festive season and education buying, coupled with some more fulfilment of the Tamil Nadu government order.
By 2026, around 25 per cent of the global population may spend at least an hour a day on Metaverse. This will open the doors for many businesses, the NFTs market will spread, and Web 3.0 will attract more investment.
Peter Sondergaard, senior vice-president at Gartner, thinks Indian service providers are capable of dealing with the shift mainly because of their broad understanding of business processes.
Leading IT analyst Gartner on Monday said organisations operating in "constrained environments" in emerging nations such as India and China are innovating at a faster rate than ever before.
The mobile user base is expected to grow to 815 million this year, from 755 million connections in 2013.
The revenue of Indian software market was at $4 billion in 2014.
The top five India-based IT services providers grew by $4.5 billion in 2010, according to a study by IT consulting major Gartner.
French IT firm Atos is planning to hire 15,000 people in the next 12-18 months in India, including climate experts, as it moves towards decarbonisation by 2028, chief operating officer (COO) Nourdine Bihmane said. "India is a strategic market for Atos. "We have been present here for the last 30 years, and we have grown organically since. "People and innovation are our two key drivers to build momentum. "India represents one-third of our total workforce," Bihmane said. Atos has around 40,000 employees in India.
Software giant Microsoft's move to end technical support for its longest running operating system (OS) Windows XP has marginally helped global PC sales which are declining, research firms IDC and Gartner said.
Mobile phone sales across the world totaled 455.6 million units in the third quarter of 2013, an increase of 5.7 percent from the same period last year, according to Gartner, Inc.
The revenues of the top 5 India-based IT services providers worldwide rose by over 13 per cent to $34.3 billion (around Rs 1,900 crore) last year from $30.3 billion in 2011.
These companies are aggressively launching cheaper devices giving a tough time to the existing players.
Mobile phone sales across the world fell to 1.75 billion units in 2012, a 1.7 per cent decline from 2011 sales, according to Gartner, Inc.
Indian industry snubbed Google Play's decision to cut by half its commission for developers when they make $1 million in annual revenue for in-app purchases, saying the US tech giant may continue its "abrasive & monopolistic abuse" as it owns the Android system. Google Play said Tuesday that beginning July 1 it would slash its 30 per cent billing fee to 15 per cent for developers globally when they make the first $1 million of their annual revenue.
Rising usage of smartphones and tablets have hit PC sales.
Much of this spending increase is the result from projected gains in the value of foreign currencies versus the dollar, it said adding that in constant currency, spending growth in 2013 is expected to be 3.9 per cent.
Samsung's smartphone sales started to drop in the third quarter of 2016, and the decision to discontinue the Galaxy Note 7 slowed down sales of its smartphone portfolio in the fourth quarter.
Despite a 3 per cent dip in global mobile phone sales to 428 million units in the third quarter, smartphone sales jumped a full 47 per cent, according data released by research firm Gartner.
Digitisation is changing the banking business. This shift has resulted in a change in banking job profiles.
Gartner points out that mobile apps will not only generate good revenue ($15.9 billion in expected end-user spending in 2012) but will also drive hardware sales, advertising spending and technology innovation.
Money transfers and merchandise purchases are expected to account for about 71 per cent and 21 per cent respectively, of total transaction value in 2013.
The worldwide business process outsourcing market is forecast to grow by 6.3 per cent globally and 17.9 per cent in the Asia-Pacific during the year 2011, says a study by market research firm Gartner.
The second quarter of FY22 continued to show double digit growth for the top four IT services providers, with every vertical and geography growing well, even though the total contract value (TCV) looked soft for all the players. The trend was first evident in Accenture's Q4 numbers, which saw its TCV in outsourcing deals softer. A soft TCV does not mean that growth is declining, but it does point to the trend of few and scarcer mega deals.
Gaming software is expected to contribute $44.7 billion in 2011 and will continue to dominate the overall gaming market in the next five years ($56.5 billion at 2015) as it absorbs almost two-thirds of consumers' gaming budgets.
The Bengaluru-based company had registered a net profit (after minority interest) of Rs 5,197 crore a year ago, a regulatory filing said. Infosys' revenue grew 22.9 per cent to Rs 31,867 crore in the quarter ended December 2021 from Rs 25,927 crore in the year-ago period, it added.
"This growth was primarily driven by the mobile PC market which grew 29 per cent year-on-year in the third quarter of 2011," said Vishal Tripathi, principal research analyst at Gartner.
This is an increase of 4% over 2014, ans will be fuelled by rising mobile users and availability of cheap smartphones.
RISC/Itanium Unix servers finally exited their slump and grew 5.2 per cent in shipments and 20.7 per cent in vendor revenue, compared with the same quarter last year.
The world's leading IT research and advisory firm Gartner has forecast that by 2015, online sabotages will become multi-modal and very damaging and that even a G-20 nation's critical infrastructure will be disrupted and damaged by such cyber attacks.
IT executives who have the best relationships with employees and business partner make the best CIOs.
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