ITES is a rapidly growing global industry. Many companies outsource tasks to providers in other countries to save costs. This practice not only saves money for the companies, but also benefits the countries that outsource these services. It creates jobs in the countries that provide these services and helps boost their economies. ITES providers help global corporations achieve their business goals by utilizing information technology. If you’re thinking about outsourcing your business functions, here are some benefits you should know about ITES providers.
ITeS has become a major driver of the modern economy. Here’s a look at some of the biggest names in this sector. In 2020, Infosys, TCS, IBM, Cognizant, and Wipro will dominate the ITeS market. For those of you who are not familiar with the ITeS industry, Wizikey’s ITeS Power Movers report will give you an overview of the 25 largest players in the industry. The report’s data mining and analysis tools allow you to discover which companies are growing and who are declining.
IBM is an American multinational company that provides business consulting, information technology, and outsourcing services. With more than 400,000 employees and offices in 177 countries, IBM is one of the largest IT service companies in the world. Founded in 1911 by childhood friends Bill Gates and Paul Allen, IBM provides two primary IT solutions: infrastructure support and process outsourcing. The GTS division offers consulting and application management services, as well as maintenance of important client systems.
IT is a broad term, but these companies are specifically focused on software. In other words, companies in the information technology sector develop, build, and provide software, which is what most companies sell. The distinction between software and hardware is important, as software companies focus on computer and software. These two types of companies work closely together but perform different roles. The main distinction between ITES and software companies is that IT companies oversee devices that store, send, and receive information.
The world’s largest IT services company, Cognizant, was founded by Sri Lankan-American Kumar Mahadeva and Francisco D’Souza. They provide consulting, digital IT, and information security solutions. Cognizant recently acquired California-based healthcare IT firm TriZetto Corp. for $2.7 billion. With this acquisition, Cognizant has created a global software giant with over 200,000 employees.