Large IT outsourcing contracts back on the market as clients optimise cost

In the past 10 months, large Indian IT services firms had signed a number of major outsourcing projects involving millions of dollars.

Large IT outsourcing deals are back on the market and the pace seems to have gathered steam this year despite the ongoing pandemic. However, whether this is reason enough for the sector to rejoice, the answer is not straightforward as it should have been in normal time. 

According to experts, even though spending in digital technologies by the clients has certainly increased, most of the large contracts that the service providers have clinched recently are results of vendor consolidation or the needs of the clients to go for cost-cutting programmes. 

In some cases, clients are also seen realigning their tech