Global IT services industry has gone through a tough time with shrinking billing rates and margins but large IT services players have been resilient in whithering the storm with companies like HP showing revenue growth even in downturn to be the third largest IT services firm. Signing large deals in the BFSI space remains a major challenge but global healthcare industry may provide the required impetus for IT services industry to keep the momentum going. IBM, Accenture and HP remain leaders in the global IT services industry leaving a small battle ground for smaller IT services firm to fight. It would be interesting to see who can capture the SMB market in emerging countries like India, China, Brazil, Russia, Poland etc to catch the next wave of growth.
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