India IT Services Update - First Phase Of Transformation Has Commenced: IDBI Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Three-stage transformation of digitisation of businesses has commenced with IT spend on cloud. We understand cloud spend is minimum three to four years opportunity for IT sector. Second round of IT spend is on artificial intelligence, augmented reality, virtual reality, data analytics and Internet of Things. In the last phase, there will be emergence of new business models, which could leverage technology to drive growth in ancillary business. These transformation phase is expected to last for a decade and in first four years as per Zinnov Analysis global IT spend is expected to increase at compound annual growth rate of 16% to $2.4 trillion by FY24. Indian IT will be a key beneficiary of the same leading to double digit revenue growth in long run..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India IT Services Update - First Phase Of Transformation Has Commenced: IDBI Capital

India IT Services Update - First Phase Of Transformation Has Commenced: IDBI Capital

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