IT consulting firm Tata Consultancy Services recently placed among the top 10 U.S. Application Management Services Vendors, making it the first offshore vendor to make it into this category.

IDC report “Worldwide and U.S. Application Management Services Vendor Shares, 2005” reported the IDC top 10 vendors and IT consulting firms as of October, 2006 based on their geographic regions and management application services revenue.  This report predicts that the worldwide application management systems market will increase to $32.2 billion by 2010, making a 9/5% annual growth rate.  While the U.S. market is not growing quite as quickly, at 7.7%, it will still reach nearly $13.4 billion in 2010.  

According to experts, competition within the AMS market is increasing and causing global competition, which is probably why Tata has entered the U.S. rankings for IT consulting firms.  IDC has been hoping for this phenomenon for a long time to expand the market.  In the management market, IDC’s research confirms that the hosted application model will expand quickly as it continues to increase in value and complexity.

Spokespeople from Tata state that application development and management is one of its main strengths within the world of IT consulting, and it will continue to offer sophisticated solutions as business needs grow and change.  The IT consulting firm is one of the world’s leading IT consulting services, business process outsourcing and engineering service organizations.  The IT consulting firm is based in India.

Blogged By:  Joshua Feinberg