 "Philips has a network of 200 distributors with access to 30,000 outlets and an after-sales footprint of 200 centres. It aims to drive 40 to 45 per cent of its sales from physical retail with the rest coming from online platforms")
Clients of big information technology (IT) services companies are likely to increase their budgets this year, after not doing so for the past few years, claims experts and analysts tracking the sector. Discretionary expenditure in new technologies, needed to stay relevant, is going to be the source of the budgetary expansion.
According to experts and analysts, most outsourcing deals in 2019 will be led by new technologies, which will be bundled with traditional services. This will lead to a bigger size of outsourcing contracts.
A recent report by Gartner claims global IT spend would cross $1 trillion (Rs 70.5 trillion
