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The ONDC is Now Open to B2B Transactions, But There Are Challenges Ahead

The Open Network for Digital Commerce, or ONDC, established in 2021, is a government-backed, non-profit entity. It was created with the purpose of providing a sense of equality to the rapidly growing digital commerce ecosystem in India. It was established primarily with the concept of enabling

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Does SEA Tech Segment Really Have A Place Next To The American IT Sector?

The tech sector in Southeast Asian countries has experienced significant turbulence amid the global economic landscape. Prominent companies in the region, including Sea and GoTo, have been compelled to undertake job cuts, although other sectors have maintained consistent economic growth. Considering this situation, it raises an

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Can the SEA IT Market Really Achieve Its $25bn Projection By 2025?

A $25 billion market with a Compound Annual Growth Rate (CAGR) of 6%, the Southeast Asian tech segment is now a tangible possibility. What was once considered a far-fetched aspiration merely a decade ago has transformed into a post-pandemic IT market in the global south that

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How Blockchain Is Serving As A Financial Solution Across Segments In Africa?

When it comes to Africa, it is fair to say that the establishment of blockchain technology has been a definitive boon for the financial sector in the continent. Besides the apparent benefits that come with blockchain technology, there are quite a few acute reasons as to

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How The IT Sector In Ukraine Became A Backbone Of The Wartime Economy?

The war between Russia and Ukraine grabbed headlines across the world. But, what was perhaps the most baffling aspect of this wartime phase, was the growth of the IT segment in Ukraine. The resilience shown by the IT workers in the country is truly commendable. When

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The Plan to Build A “Little Silicon Valley” In The Heart of Vietnam

Southeast Asia is becoming one of the fastest-growing tech hubs in the world, and the country that we are focusing on today is Vietnam, where a coding revolution is set to take place. Plans have been revealed to set up a series of tech-oriented educational institutions

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How Religion is Playing A Major Role In The Southeast Asian Fintech Segment

The Southeast Asian fintech boom is still growing stronger than ever with companies such as Grab and Sea ruling the market. But, unlike the fintech segment of the Western world, countries like Malaysia and Indonesia provide a very different factor behind the current boom – religion-oriented

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Growth in Online Shopping In The Middle East Poses Its Own Set of Problems

Over the past five years, online shopping has witnessed significant growth in the Middle East region, particularly in economically progressive areas like Kuwait. Previously, there was a strong culture of shopping malls, which deterred consumers from embracing e-commerce. However, the scenario has shifted, presenting its own

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The Boom in Cloud Services Slowing Down in the EU

The European IT market is currently facing significant cost-cutting measures, and one area that has been particularly affected is the outsourcing of business process outsourcing (BPO) services, specifically within the cloud technology segment. Recent reports indicate that BPO services spending in the first quarter of 2023

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