Grab opportunity in $ 3 trillion IT business

$ 3 trillion IT business

Grab opportunity in $ 3 trillion IT business. Despite all slowdowns in the European Union and the US, spendings in the IT sector is about $3 trillion per year. The US still has the lion's share of this global IT market. However, emerging markets are rapidly increasing their share in this global Information technology market. Large numbers of Indian IT Companies also have their share in $ 3 trillion industry.

An-overview-of-the-iHMS-database

(By Yanglan Gan, Han Tao, Jihong Guan, Shuigeng Zhou [CC BY 4.0 (https://creativecommons.org/licenses/by/4.0)], via Wikimedia Commons)

Changing Trends in Information Technology

However, the trend has been changing continually. Software development had the highest share since last twenty years. Now, the focus has shifted to web-based development with a new trend of eCommerce websites. iPhone applications also have entered into this large market. In addition, Android applications are very popular and grabbed a large percentage of the global IT market. The new trends likes of big data, IoT, Artificial Intelligence and blockchain technology have the potential to increase the market size manifolds.

We can also look at ERP systems, social networking applications, etc. Python will be a trend of the future as Google is continually focusing on the same.

India in IT Market

India has the highest number of skilled workforce in the global Information Technology scenario. We are maintaining our position in the sector despite competition from several Asian and African countries.  India is now a big consumer of IT products too. The spread of the Internet and smartphones help increase consumption of IT products such as websites, eCommerce and Android, and iPhone applications.

It is time to update and innovate. Innovation will lead this decade. It is essential to keep updated with the global business trend. All IT Companies in India has to reconstruct its workforce to keep themselves in the race.  Be ahead in the race and grab the opportunity in $ 3trillion global IT market.

eCommerce Website Design and Development in Jaipur