“As we are forecasting a slowdown in 2023, many enterprises are likely to be on a ‘wait and watch’ mode. So, the pipeline of several large transformation projects may hit a slow lane,”said Ashish Chaturvedi, Practice Leader (Supply Chain, Retail/CPG, Disruptive Tech), HFS Research.
Bigger IT companies will, however, do better than their mid-tier rivals on the deal-making front, as some of their clients look to find ways to cut costs, he said.
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