{"id":1164,"date":"2014-03-22T16:30:00","date_gmt":"2014-03-22T16:30:00","guid":{"rendered":"http:\/\/localhost\/projects\/horsesforsources\/indian-majors-doubled-share_032214\/"},"modified":"2014-03-22T16:30:00","modified_gmt":"2014-03-22T16:30:00","slug":"indian-majors-doubled-share_032214","status":"publish","type":"post","link":"https:\/\/www.horsesforsources.com\/indian-majors-doubled-share_032214\/","title":{"rendered":"The Indian majors double their market share in just four years – what’s the secret and can they be stopped?"},"content":{"rendered":"
If I had a rupee for everytime someone had told me that Indian based providers are…<\/strong><\/p>\n
<\/p>\n
\n
a) Running out of steam;<\/p>\n
b) Just offering staff augmentation at lower prices;<\/p>\n
c) Suffering from such bad wage inflation that the house of cards is about to come down;<\/p>\n
d) Providing services of such low quality that everyone is following Randy Mott’s lead and backsourcing everything;<\/p>\n
…I would have at least a month’s worth of app testing at my disposal right now. <\/strong><\/p>\n
However, the sustained growth surge of the leading Indian majors is proving much more\u00a0resilient\u00a0than the naysayers are claiming and I would argue has created a dynamic where many of the\u00a0traditional\u00a0providers may never find a return to prominent growth. \u00a0Let’s discuss…<\/p>\n
Global business is never going back to the way it was\u00a0<\/span><\/strong><\/p>\n
Many of these people are simply waiting for the world to return the ways of pre dot.com crash days, where clients paid the exorbitant fees of consultants for “transformation projects” and dumped hundreds of millions into dysfunctional ERP projects that often achieved little beyond creating meaningless work to support faltering processes, many of which are now rendered obsolete.<\/p>\n
I hate to be the hearer of bad news, but the world really has moved on since then, and the emergence of the Indian majors has been a bi-product of the emerging opportunities for enterprises to shed their bloat and create an environment to do things differently<\/em>. \u00a0Cloud computing platforms, improving analytics opportunities and the advantages of lower-cost global delivery are the three main game-changers in today’s business environment – and this isn’t going to change anytime soon.<\/p>\n
What we’ve witnessed is the Indian majors literally doubling<\/em>\u00a0their share of the global market in barely four years, while the “traditional” onshore-centric IT and business service providers have largely floundered. With the notable exception of Accenture, the onshore-centric major providers have only managed to post growth rates in the low single digits, with both HP and CSC revenues actually lower<\/em> in 2013 than in 2009. Over the same period, the major Indian-based offshore-centric providers all grew annually in double figures with Cognizant expanding at almost 30% year-on-year over the last four years:<\/p>\n