Hi-Tech industry has seen a phenomenal growth over the last two decades. Disruptive innovations such as Cloud Computing, Open Source, SaaS delivery model will drive the growth of the industry for the next decade. Hi-Tech has also contributed to the innovation across various industry verticals including Automobile, Aviation, Consumer electronics and Telecommunication. Further innovation in the industry will require solving problems for newer markets and accessing talent across various aspects of the globe.

Besides this, the market for both hardware and software products is growing at a much faster pace in emerging countries as compared to the developed ones. Statistics reveal that the IT spend in India today is one of the highest in the world, growing between 17 to 23% year over year. Out of this large chunk, the small and medium businesses contribute to over 50% of the IT spend in India.

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It is essential for Hi-Tech majors to focus on countries such as India and China. Customer need, distribution structure, buying patterns and competitive landscape vary in comparison to developed locations especially among the consumer and SMB market. Organizations those are able to localize their business model and offerings will emerge as the leaders in these markets.

Rapid innovation and faster time to market are the key drivers for growth in Hi-Tech companies. It has become a strategic imperative for companies to access talent across the globe that can help them accelerate innovation. Globalization of R&D and shared services has become a extremely important for the vertical. Infact today, over 600 companies have their own centers in India and a number of other companies have established partnerships that drive innovation and lower the cost of R&D. R&D centers at countries such as India have also provided organizations capability to build products for the emerging markets.