IT services and Printer Industry:

IT services Industry:

• IT services are the use of business and technological skills to assist enterprises in the production, administration, and optimization of information and business processes, as well as providing access to them. The IT services industry may be divided into categories based on the skillsets used to provide the service (design, build, run).
  
• India is one of the top sourcing destinations in the world, and the IT industry plays an important role in establishing the country as a favoured investment location for international investors. The industry employs a huge number of people and provides substantial export earnings. Indian IT companies have established over 1,000 worldwide delivery centers in over 80 countries. In India, where the country's highly skilled talent pool of technical graduates is among the world's largest, the sector employs over 4Mn. people.
• When compared to any other industry, the industry draws the most FDI equity inflows. From April 2000 to March 2021, India's computer software and hardware business got USD 71 Bn. in FDI equity inflows, with FY21 receiving USD 26 Bn. (3.5 times more than FY20).
• Between FY16 and FY21, the Indian IT services market generated total revenues of $30.Bn., reflecting an 9% compound annual growth rate (CAGR). In comparison, over the same time period, the South Korean and Chinese sectors grew at CAGRs of 11% and 10%, respectively, to reach respective values of USD 17.4 Bn and USD 114.6 Bn. in FY21.

Printer Industry:

• The printing industry is the sector that deals with the production of printed materials. Digital printing systems are a cutting-edge printing technology that prints electronic files created using computer software. Digital printing transfers pictures to different media surfaces such as paper, cloth, and ceramic utilizing digital formats such as PDF and JIP. The end-use manufacturer may expedite the image design and production process using the digital printing technology.
• During the forecast period, the Indian market has given significant potential for the expansion of digital printing. India is a prominent market for digital printing in the Asia Pacific area.

Growth Drivers in Printing Industry:

• An increase in the use of highly customized labels- The implementation of digital printing has become critical as big consumer-oriented manufacturers steadily migrate to customized packaging to improve shelf visibility and, as a result, attract customers. Digital prints wrapped over the glass fronts of office buildings and large digitally printed banners draped along the sides of buildings are in high demand. 
• Innovations and digital integration are aligned as a significant driver, as market players take advantage of replacing toner in less than 20 seconds, loading paper less frequently, hands-free voice activated printing, and reducing common printing interruptions. Mobile scanning, Ethernet, and Wi-Fi Direct are all available on the business-oriented printers, which also support printing from an iPad, iPhone, Android tablet, or smartphone.

Growth Drivers of IT services industry:

• Abundant talent at low cost - India boasts a diverse pool of young and smart workers that may be hired at a moderate cost. In-demand IT roles in FY21 will include positions focusing on sophisticated technologies such as the Internet of Things(IoT), artificial intelligence, machine learning, augmented and virtual reality, as more firms undertake digital transformation.
• Growth in cloud market- The epidemic has sparked a surge in demand for cloud computing services all around the world. Global investments in cloud services have increased as a result of this shift. In FY20, the Indian cloud market was worth USD 2.3Bn. and by FY25, it is predicted to be worth USD 9 Bn.by care ratings.

Trends:

• Automating print operations and utilizing inline finishing technologies are already saving printers a significant amount of time and money. Automated methods reduce the number of personnel needed to see a project through to completion. Jobs may be finished more quickly, and mistakes are less likely to occur during the process. This allows printers to take on more work, provide better customer service, and save money.
• With the advancement of the printing business, an increasing number of individuals are opting for a UV digital printer. It has the benefit of reducing the traditional procedure, eliminating the need for plate fabrication, delivering orders on time, and printing most materials. Its printing method is to immediately print on the item with uv ink, then irradiate the object with uv ultraviolet rays for less than 1 second to directly dry the uv ink. UV printing offers a quick drying time and strong adherence in terms of application. Plastic, glass, metal sheets, and other materials may be printed using a UV digital printer. UV printing produces a brighter colour, and uv ink contains no volatile ingredients, making it safer for operators and more ecologically friendly.

Peers:

• TVS Electronics, Canon India, HP India , are some of the major peers of the company.