Swot Analysis of IT Industry

Strengths

  • Highly skilled human resource
  • Low wage structure
  • Quality of work
  • Initiatives taken by the Government (setting up Hi-Tech Parks and implementation of e-governance projects)
  • Many global players have set-up operations in India like Microsoft, Oracle, Adobe, etc.
  • Following Quality Standards such as ISO 9000, SEI CMM etc.
  • English-speaking professionals
  • Cost competitiveness
  • Quality telecommunications infrastructure
  • Indian time zone (24 x 7 services to the global customers). Time difference between India and America is approximately 12 hours, which is beneficial for outsourcing of work.

Weaknesses

  • Absence of practical knowledge
  • Dearth of suitable candidates
  • Less Research and Development
  • Contribution of IT sector to India ‘s GDP is still rather small.
  • Employee salaries in IT sector are increasing tremendously. Low wages benefit will soon come to an end.

Opportunities

  • High quality IT education market
  • Increasing number of working age people
  • India ‘s well developed soft infrastructure
  • Upcoming International Players in the market

Threats

  • Lack of data security systems Countries like China and Philippines with qualified workforce making efforts to overcome the English language barrier
  • Countries like China and Philippines with qualified workforce making efforts to overcome the English language barrier
  • IT development concentrated in a few cities only

Leave a Reply

Your email address will not be published. Required fields are marked *