IT consolidation and IT modernization in the IT Market

Overall, the IT market is on an interesting curve in terms of growth. One can observe that, digital transformation and blockchain technology adoption increase, and Digital transformation in industry verticals such as the BFSI and manufacturing sectors is driving the blockchain technology market. In the manufacturing sector, supply chain management systems are being transformed to increase the efficiency of operations.

For many analysts, the increase in IT consolidations and IT modernization is taking place to improve the operational efficiency of organizations and to achieve economies of scale, which is driving the IT market.

The ever-increasing consolidation of IT infrastructures such as data centers and networking systems in the organizations are forcing C-suite executives to implement advanced IT service delivery models such as shared and managed IT services.

Among Key vendors, we have Hewlett Packard Enterprise, IBM, Microsoft, and Oracle.