Infosys, TCS, Wipro, IBM, Cognizant are the top 5 players of 2020: Wizikey Report

Wizikey, a Media Intelligence and Outreach company has recently released its ITeS Power Movers 2020 Report. According to the report, Work from Home and Destination Hiring are the new trends that emerge in 2020. The SaaS PR startup highlights the top 25 players in the Indian ITeS sector. As per the report, Infosys, TCS, Wipro, IBM, Cognizant are the top 5 ITes players of 2020, in rank. A further breakdown by services and product reveals that, at the top, in ITeS Services are the three Indian IT Giants - Infosys, TCS and Wipro. In the Enterprise Product category, Dell, HP, Cisco and Oracle emerge as Leaders.

The report talks about emerging trends within the ITeS space such as the adoption of work from home technologies, the inclusion of cloud offerings and the strong lineup of acquisitions & partnerships that we witnessed this year. An analysis of the announcements by top players reveals that the pandemic has successfully reversed the traditional outsourcing trend in this industry. It has also given rise to destination hiring as a popular practice.

Commenting on the same Anshul Sushil, CEO & Co-Founder, Wizikey, said, “With mass layoffs and intense pay cuts making headlines in the first half of the year, the Indian IT industry definitely has gone through its own share of headwinds. It has taken time for them to adapt to the new normal. By diving through news via our analytics tools, we deciphered that destination hiring and remote working are the top emerging trends in the industry.”

Dissecting the top trends in the industry:-

Global imprint: Amidst a low sentiment, and travel and visa uncertainties, most ITeS firms announced destination hiring plans. The pandemic reversed the outsourcing trend and gave the world far more confidence in managing operations anywhere around the globe

Work From Home: Most IT players adjusted to the post lockdown new realities of the universe. All the companies in the sector made massive shifts embracing work from home as the new normal. The IT sector is the largest white-collar employer in the country. Thus, hiring reconciliations, virtual interviews and work-from-home made a buzz for fresher to mid-level hiring.

Clearing way for Cloud: It rained cloud offerings for the ITeS category. Most players announced new products that could foster better work from home solutions for the After COVID-19 world. 4 out of the top 5 players announced initiatives to strengthen cloud offerings

Inorganic Growth: A lot of players in the sector found opportunities for inorganic growth and new partnerships in these unusual times. All the top players announced plans of acquisitions and partnerships in a COVID-19 driven world.