IT & ITES

IT & ITES

The global technology spending on hardware, software and Information Technology (IT) related services is estimated to be about US $ 1.7 trillion and growing at a CAGR of about 7% in the last two years. Over and above this, the engineering and R&D spend accounts for about US $ 800 billion. IT Services recording a growth of 6.3% and BPO Services recording a growth of 12% globally. Despite the current economic slowdown, technology spending is expected to sustain in the long term and pick up in the next 4 to 6 quarters. Given this background and the context of India's 'IT story', it has to be put in perspective that India still accounts for only about 4.5% of this market. This indicates that there is ample room for India to tap the potential for growth in this market in the years to come.

Some Skill Gaps as Identified by Industry:

• Inadequate specialization
• Poor domain exposure
• Lack in industry specific experience
• Inadequate communication skill and people skill
• Inadequate domain & business process knowledge

InSkills offers programs in skill areas like: