Technology Staffing Agency
Right Step Consulting is among top technology executive search firms in india.Our Practice focuses on technology domain including – Software Products, Software Services, Semiconductor Chip Design / Embedded Software & Hardware Design, Engineering Design and R&D Services, ITeS and BPO/KPO.
Information technology is playing an important role in India today and has transformed India's image to a land of innovative entrepreneurs. The IT sector in India is generating over 3 million direct employment. India is now one of the biggest IT capitals of the modern world and all the major players in the world IT sector are present in the country. In terms of industry verticals, Banking, Financial Services and Insurance (BFSI) and Energy are the key growth drivers. The Indian IT services exports industry is pegged at $68 billion in 2014-15. After growing at a robust pace of 17-18 % over last few years, growth has slowed down to single digit now, amid lower discretionary spending across companies.
Right Step’s Technology Practice focuses on technology domain including – Software Products, Software Services, Semiconductor Chip Design / Embedded Software & Hardware Design, Engineering Design and R&D Services, ITeS and BPO/KPO.
The Software Product industry is witnessing significant growth, due to factors like - emerging technologies such as Social media, Mobility, Analytics and Cloud (SMAC) which are driving the hyper growth in this segment and helping it move to the next level. The Indian software products eco-system has rapidly evolved over the last five years and today there are over 3,500 product start-ups operating out of India. The factors that have spurred the rise of this market include - A growing number of success stories from India, The vast presence of global VCs, Increased corporate interest, Availability of quality incubators and accelerators, Rising base of business and technology mentors. India is amongst the “fastest growing” software product country, and it is expected that the country could have about 11,500 product start-ups by 2020, as against around 3,500 now. India's software product system is currently the third largest in the world, following America and Britain, respectively.
Telecom services have been acknowledged globally as an essential tool for the socio-economic development of a nation. India is currently the world’s second-largest telecommunications market and has registered exceptional growth in the past few years. The Indian Telecom industry is one of the fastest growing in the world. Driven by 3G & 4G services it is expected that there would be huge machine to machine growth in transactions in India in the near term. With estimates stating that out of every 3 mobile phones in India, 2 will be smart phones over the next few years, the country is poised for yet another telecom revolution.
Semiconductor Chip Design
The semiconductor design industry in India, consisting of VLSI design, board/hardware design and embedded software development, is estimated to be US$ 15 billion. The major contributor to these revenues is embedded software development, followed by VLSI and board design. The Indian semiconductor design industry offers high growth potential, according to estimates, nearly 2,000 chips are being designed every year in India. Over the years, the Indian R&D capabilities in VLSI and chip design has grown significantly and currently employs around 50,000 engineers. Growing technical competence combined with stringent IP protection environment and trend towards localisation of contents will help this segment continue to grow. There are more than 120 companies in India focused on semiconductor design for global products.
Engineering Design and R&D Services
According to a industry estimates, globally offshorable revenues of both traditional verticals (Aerospace, Automotive, Telecom, Semiconductors, Consumer Electronics and Construction/Heavy Machinery) and emerging verticals (Computing Systems, Energy, Infrastructure, Industrial Automation and Medical Devices) are expected to cross USD 100 billion. Of this, India will garner a share of around 40 percent, equivalent to USD 40-45 billion. India’s existing share stands at 20% with revenues of around US$ 20 billions. The future is indeed bright for the engineering design services sector, Recent trends show that Engineering Design & R&D activities are moving closer to emerging markets, and the growing confidence among global customers in India’s supply base capabilities.
Being a Technology Staffing Agency, we have a solid background of the industry and functional expertise as well as insights that help our clients source the best available talent.