Synopsis
Of the contracts up for grabs around sixteen are worth over $500 million or more and approximately 62 deals are over $100 million, according to UK-based technology research and advisory firm Omdia. These deals are from outsourcing firms and system integrators –where most Indian IT vendors compete– and are spread across sectors like government, telecommunication, banking, manufacturing and services.
The global market for information technology deals is expected to balloon with nearly 700 contracts worth $26 billion due to be renewed in the five months to December, industry data shared exclusively with ET shows. This near eight-fold increase from the estimated $ 3.5 billion worth of deals that were likely renewed in the first quarter of the financial year, offers a renewed opportunity for India’s top IT vendors including Tata Consultancy
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