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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