According to the research carried out by firm Gartner, the current global majors like IBM, EDS and Accenture are facing a major risk, if Tata Consultancy Services (TCS), Infosys Technologies and Wipro Technologies emerge as the nextgen IT service meagvendors.
Gartner said, “These (Indian) vendors are increasingly being considered for strategic service deals, and will augment or, in some cases, replace today’s acknowledged megavendors by revenue in this space by 2011.”
The report by Gartner said that the top Indian IT firms have defeated the megavendors by almost a 3:1 margin in growth rates.