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Sector analysts call it a "shift to as-a-service economy". "As business across sectors are moving their technology spending from capital expenditure to operating expenses, IT companies are gradually adapting to such models of services," said Pareekh Jain of HfS Research.
"IT services companies, however, will have to focus both on getting more customers in the new segment and bagging additional deals in this space from existing customers to maintain revenue numbers," Jain added.Read More....