What’s Affecting the Technology Industry?
Technology industry needs to stay ahead of the curve to survive and grow. The technology industry is witnessing several crucial trends which impact the way business is done in this industry –
- Pressure of innovation-led growth
- Pricing pressure from low-cost competitors from emerging markets
- Continuously changing behavior and expectations of the consumers
- Evolving legal and regulatory framework
Technology companies need to tap trends, create disruptive innovations, and at the same time wade through the regulatory limitations in order to grow and succeed in the dynamic business landscape.