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IT Industry Analysis

IT Industry Analysis

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Published by monika_ifim
Overall Industry analysis of IT..
Overall Industry analysis of IT..

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Published by: monika_ifim on Sep 02, 2010
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06/09/2011

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INDUSTRY ANALYSIS
2010
SWOT ANALYSIS FOR AN IT INDUSTRY:
Every industry or a company has to perform swot analysis before going to start itsoperations to analyze the performance of a company or that particular industry. Every industrywill have its own strengths, weaknesses, opportunities and threats with related parameters. nowwe will see the swot analysis for IT sector.
STRENGTHS:
 
H
ighly skilled human resource
 
L
ow wage structure
 
Q
uality of work 
 
Initiatives taken by the Government (setting up
H
i-Tech Parks and implementation of e-governance projects)
 
M
any global players have set-up operations in India like
M
icrosoft, Oracle, Adobe, etc.
 
F
ollowing
Q
uality Standards such as ISO 9000, SEI C
MM
etc.
 
English-speaking professionals
 
Cost competitiveness
 
Q
uality telecommunications infrastructure
 
Indian time zone (24 x 7 services to the global customers). Time difference between Indiaand America is approximately 12 hours, which is beneficial for outsourcing of work. 
 
F
lexibility, adaptability and reliability in operations
 
Experience in working on large projects
OPPORTUNITIES
 
H
igh quality IT education market
 
Increasing number of working age people
 
India 's well developed software infrastructure
 
U
 pcoming International Players in the market
 
apid proliferation of the Internet in the domestic and global markets
 
Shift in the global markets from legacy systems to more of web-based systems
 
INDUSTRY ANALYSIS
2010
 
Indian government¶s thrust towards increased computerization of offices, banksetc
 
IT enabled services in the country and across the globe is forecasted to explode
 
Instant development of world software industry
WEAKNESSES
 
Inadequate marketing skills
 
Absence of practical knowledge
 
Dearth of suitable candidates
 
L
ess
esearch and Development
 
Contribution of IT sector to India 's GDP is still rather small.
 
Employee salaries in IT sector are increasing tremendously.
L
ow wages benefit will sooncome to an end.
 
Depending on software outsourcing and less domestic demand
 
W
eakness of hardware industry
THREATS
 
Instability of political environments
 
L
ack of data security systems
 
Countries like China and Philippines with qualified workforce making efforts toovercome the English language barrier 
 
IT development concentrated in a few cities only
 
INDUSTRY ANALYSIS
2010
M
ATRIX REPRESENTATION BASED ON PARA
M
ETERS OF AN INDUSTRY:
Threats (T)ExternalEnvironment
Opportunities (O)
(more for IT indust)
Strengths (S)
W
eaknesses (
W
)Internal EnvironmentsThe Indian IT Industry has more strengths rather than weakness in the InternalEnvironment. In an External Environment Software Industry have opportunities and Threatsalmost equally. But due to of Internal Strengths and External Opportunities the Software Industryis in Exploration.
F
or any industry to sustain in market or to earn the profits it needs to analyzeall these parameters. when the strengths are more than weaknesses n opportunities are more thanthreats then the industry can get better position in that particular segment.Confront AvoidExploit Search
 
Exploration

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