According to the report analysis, ‘Information Technology Industry Business Outlook And
Procurement Survey June 2018 – November 2018’ suggests that companies are expected to gain significant
growth opportunities from emerging markets (such as india, china and brazil)
and developed markets (such as the us, germany, and the uk) during
june-november 2018. Moreover, mergers and acquisitions are expected to increase
with in the it industry over the next six months. Whereas, the majority of the
it industry executives surveyed expect that their companies are most likely to
invest in emerging technology such as artificial intelligence (ai) and internet
of things (iot) over the next two years. Additionally, the information
technology is widely used as a synonym for the computer networks, computers and
others. Most importantly information technology involves things related to the
internet.
Information technology is a sector of business that deals with
computing which includes telecommunication, computer software, hardware and
generally anything that involved in the transfer of information or system that
enable communication. Information technology plays a vital role in the corporate
sector whereas it is widely used in business and the field of computing.
Moreover, information technology involves the maintenance, use of computer
systems, development, software and network for the processing and distribution
of data.
In the recent trend, information technology has become an
essential part of our lives and pursue to proliferate into new realms.
Moreover, in the market sector of information technology, amid the several
challenges, such as rising competition, market uncertainty, and responding to
pricing pressure, it companies are expected to grow significantly with their
capital expenditure towards the new product development, and research &
development over the next six months. The more development in the technology,
expansion in the current market, new product development, and improving
operational efficiency are the top four priorities for the it companies over
the next six months.
Globally, china and india are the emerging markets that have
the most potential for significant growth opportunities for the it industry,
while, the us is highest growth-offering developed market during june-november
2018. Whereas, overall 68.0% of executives indicate that customer engagement
has the highest scope for the digital transformation within the information
technology industry. In addition, there are numerous key players which are
currently operating in this sector which includes infosys, amazon, microsoft
corporation, dell technologies, accompany, astound, capgemini corporation,
cisco systems and others. The key players expect an increment in the
procurement activities for the information technology services and
technology/license purchases during june-november 2018. Information technology
plays a central role in the operation of many companies due to the computer
networking sites.
With the applications and usage of the
information technology lead the significant growth in this market with more
innovations and upgradation in the old processing unit. Therefore, it is
expected that in the near future the information technology industry will grow
positively.
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