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The last few years has seen unprecedented growth for the information technology industry, with software companies reach double-digit growth levels, stimulated by the strong demand for internet-based software and productivity solutions. Sales have also been strong across all segments of the industry from application solutions to developments tools to infrastructure services and hardware as the economy responds to the opportunities created in this space.
However, companies are beginning to face a rather volatile future, as merger and acquisition activity creates a challenging competitive landscape. Increasing R and D costs, is also forcing many players to review their product portfolios, distribution channels and strategic alliances as they attempt to reduce costs and increase the value proposition to consumers.
Our consultants are beginning to focus on supporting companies in this space with innovative ideas to collaborate on cross-border business services and solutions and by applying common business processes and integrated infrastructures. Key opportunities exist for companies providing IT software, hardware and other services to take advantage of the growing level of private B2B exchanges. It is anticipated that 90% of new investment in marketplace infrastructure will take place in this environment – where the benefits of improving your supply chain with strategic partners proves compelling.
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