With the advent of “Everything-as-a-Service (Xaas)” the penetration of advance technologies such as Artificial Intelligence (AI) and Internet-of-Things (IoT) has spread its root into the medium and small enterprises, earlier limited to technology giants.

The adoption of deep learning, machine learning, and natural language processing has increased exponentially in the last couple of years. Having said so, flexible consumption models: pay-as-you-go has played a dominating role towards the adoption of AI and cloud based solutions and services. With the shift in primary value proposition of cloud platform from cost efficient solution to innovative solution, the industry is anticipated to witness paradigm shift towards “multicloud” adoption.

Parallel to technological advancements, the global IT space is witnessing major tax reforms. The United States being the primary area of these reforms, the global IT giants are focusing to repatriate their businesses to the United States. Consequently, the global IT industry is anticipated to undergo significant number of Merger & Acquisitions in the couple of years to come.

Additionally, regulations such as European Union’s General Data Protection Regulation (GDPR) and the United States’ CLOUD Act (Clarifying Lawful Overseas Use of Data) are anticipated to further remold the global IT space.