A business-as-usual approach could erode revenue by 30 per cent or more for tech services firms, Bain & Co has said citing major disruptions like AI facing global technology services industry.
In its new report ‘The new growth equation for tech services’ Bain & Company noted that AI is the biggest disrupter in tech services, but “not the only one”.
Economic nationalism, aging population and the energy transition are also forcing change across the industry. Together, these factors are reshaping how tech services providers operate, deliver value and compete.
The global technology services industry faces major disruption, and continuing to operate with a business-as-usual approach could erode revenue by 30 per cent or more, according to the report.
“Across the sector, margins have fallen by more than 200 basis points, and valuations have returned to pre-pandemic levels,” it observed.
Analysis by Bain shows that these factors, however, also create fresh opportunities.
The rise of .​A business-as-usual approach could erode revenue by 30 per cent or more for tech services firms, Bain & Co has said citing major disruptions like AI facing global technology services industry.
In its new report ‘The new growth equation for tech services’ Bain & Company noted that AI is the biggest disrupter in tech services, but “not the only one”.
Economic nationalism, aging population and the energy transition are also forcing change across the industry. Together, these factors are reshaping how tech services providers operate, deliver value and compete.
The global technology services industry faces major disruption, and continuing to operate with a business-as-usual approach could erode revenue by 30 per cent or more, according to the report.
“Across the sector, margins have fallen by more than 200 basis points, and valuations have returned to pre-pandemic levels,” it observed.
Analysis by Bain shows that these factors, however, also create fresh opportunities.
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