ITES companies have become an important part of the Indian economy. In 2016, the country's IT services exports totaled $17.4 billion, which represents a 22% increase compared to 2015. Despite this growth and large demand for ITES, there are still many opportunities for new players in this market segment.
An increasing number of organizations are outsourcing important activities to ITES companies around the world.
- ITES companies are growing in India.
- ITES companies are important to the global economy, and they're growing at a rapid pace.
- This growth is not just limited to India, though: there's also been a surge in demand for outsourced services from other countries as well (including the U.S.)
Types of ITES companies
- Business Process Outsourcing (BPO) – The company provides services to other companies.
- Information Technology Enabled Call Centers (ITEC) – The company provides customer service through an automated phone system.
- Information Technology Enabled Services (ITES) – This type of business provides a broad range of IT solutions that may include cloud computing, computer networking, and software development.
- Knowledge Process Outsourcing (KPO) – A KPO is a form of outsourcing where knowledge workers work for firms that outsource their processes or tasks rather than hire employees directly from those firms.
ITES has high growth potential in India
India is the second largest exporter of Information Technology Enabled Services in the world, with an annual growth rate of 11.4% for the past five years and an estimated 20,000 new jobs being created every month. It also has a large pool of English-speaking professionals who would be interested in working for Indian companies that offer high-quality products and services at competitive pricing levels.
India's National Skill Development Mission (NSDC) aims to train 20 million people by 2022 through vocational training programs across all sectors including healthcare and education. The program offers grants up to Rs 20000 per person under its ‘Skill Create' category which will help students get hands-on experience with real-life examples while they learn new skills related to their chosen area of specialization.
India's advantage over other major IT services destinations
India has a large pool of skilled IT professionals, English-speaking and Indian. The country also has a large number of English-speaking ITES companies, which means that you can easily find local workforces that speak and understand your native language. This makes it easier for you to communicate with them and get them on board with your project or service offering.
India also offers several advantages when compared with other major IT services destinations:
- India has a large pool of skilled IT professionals who are willing to work abroad due to better opportunities than at home; this includes both technical graduates as well as experienced professionals who have been working abroad for some time now; these individuals have built up valuable networks within their industry which they can use when looking for employment opportunities outside their own country—especially if they want something more challenging than what they know already!
- The number one reason why people choose to work abroad is that there aren't enough jobs available locally; however due largely because there are too many immigrants coming into Canada each year (and soon Europe), we've seen significant drops in unemployment rates since 2005–so much so that by 2020 only half will be unemployed.”
There will be many opportunities for ITES companies in India.
There are many opportunities for ITES companies in India. The growth of the sector has been exponential and it is expected to grow even further in the coming years.
There will be many opportunities for ITES companies in India. The growth of this sector has been exponential and it is expected to grow even further in the coming years.
Conclusion
There are many ITES companies in India that offer high-quality services. The government has also made some efforts to attract these companies, and the country has a lot of potential for growth in this area. There is a wide range of products and services available through ITES companies, which makes them attractive as an outsourcing option for businesses looking to reduce costs while maintaining quality control over their IT infrastructure.
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