History of ITES
It all started in the late 1990s when businesses realized the potential benefits of outsourcing their IT-related tasks. It was a smart move! The cost-effectiveness, quality of services, and expertise of ITES providers quickly made it a popular option for companies worldwide.
The ITES industry developed when India became a hub for IT services. The state was a good location for outsourcing because of its surprisingly professional and English-speaking labor force. The rate of global expansion has been astounding ever since the first ITES agency was established in India in 1997. India is currently one of the world’s leading nations for ITES offerings, with a market worth more than $150 billion.
Along with opening up job possibilities, the ITES industry has made a full-size contribution to the economies of severe countries. ITES, for instance, now employs over four million human beings in India, making it certainly one of the largest employers there. The quarter has been essential to the development of emerging economies like the Philippines. The enlargement of the ITES region has also extended the construction of assisting infrastructure, which include office homes and telecommunications networks.
ITES Full Form
ITES refers to “Information Technology Enabled Services”. ITES refers to any service that is delivered with the help of information technology. ITES services are tasks that a company hires another company to do, and they use technology to do it. ITES is a subset of the broader category of Business Process Outsourcing (BPO). Here we provide some examples of ITES that is call center services, data entry, management services, software development and maintenance, tech support, and back-office operations such as accounting, and human resources.
In this article, we will study ITES full form, its history, features, functions, advantages, disadvantages, and ITES Companies.
Table of Content
- What is the full form of ITES?
- History of ITES
- Features of ITES
- Functions of ITES
- Characteristics of ITES
- ITES Companies in India
- Achievements of ITES
- Advantages of ITES
- Drawbacks of ITES