Synopsis
The addressable market for third-party IT services companies is under pressure as more organisations pull their outsourced technology work back in-house. Some of the top Indian software exporters, such as Tata Consultancy Services (TCS), HCLTech, and Cognizant, along with multinationals like Atos, have lost business recently.
The phenomenon of companies pulling back their outsourced technology work back in-house has started eating into the addressable market for third-party IT services companies. Some of the top Indian software exporters such as Tata Consultancy Services (TCS), HCLTech and Cognizant along with multinationals like Atos lost business recently due to clients ‘insourcing’ the work, a term that implies the opposite of outsourcing.India’s third-largest
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tcs: Source of IT’s pain decoded: why clients are pulling back outsourced work in-house
Synopsis
The addressable market for third-party IT services companies is under pressure as more organisations pull their outsourced technology work back in-house. Some of the top Indian software exporters, such as Tata Consultancy Services (TCS), HCLTech, and Cognizant, along with multinationals like Atos, have lost business recently.
The phenomenon of companies pulling back their outsourced technology work back in-house has started eating into the addressable market for third-party IT services companies. Some of the top Indian software exporters such as Tata Consultancy Services (TCS), HCLTech and Cognizant along with multinationals like Atos lost business recently due to clients ‘insourcing’ the work, a term that implies the opposite of outsourcing.India’s third-largest
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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