Companies consolidate IT vendors to redirect resources into AI
Big companies are cutting back on the number of IT vendors they use so they can put more resources into AI.
While giants like Accenture and TCS are coming out ahead, midsize IT firms with strong client relationships and solid AI skills are also getting noticed in this shake-up.
Midsize providers can win larger accounts
Instead of just trimming small contracts, companies now focus on consolidating bigger accounts.
As Yugal Joshi, Partner, Everest Group, puts it, midsize providers can win if they're trusted by clients or manage large budgets well.
Gaurav Vasu, the CEO & Founder of UnearthInsight, adds that competition is heating up as big players target the same midmarket space.
Niche firms compete for AI projects
When it comes to specialized AI projects, even smaller or niche IT firms have a shot.
Enterprises want deep domain knowledge and tailored solutions, so both major providers and focused specialists are finding ways to stand out in the evolving tech market.