IT & ITeS

Information technology, and the hardware and software associated with the IT industry, are an integral part of nearly every major global industry. The information technology industry has become one of the most robust industries in the world. IT, more than any other industry or economic facet, has an increased productivity, particularly in the developed world, and therefore is a key driver of global economic growth. Economies of scale and insatiable demand from both consumers and enterprises characterize this rapidly growing sector. Both software development and the hardware involved in the IT industry include everything from computer systems, to the design, implementation, study and development of IT and management systems. The global IT Services industry holds significant opportunities for industry players due to increasing IT spending in the healthcare, retail, and transportation sectors, among others. Information Technology (IT) and Information Technology enabled Services (ITeS) sectors go hand-in-hand in every aspect. Where IT is about the development and use of technology in managing and processing information ITeS is concerned with the outsourcing of these IT produced properties. The ITeS sector includes IT services, engineering design and R&D services, BPO and hardware. Today IT and ITeS sectors lead the economic growth in terms of employment, export promotion, revenue generation and standards of living.