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With reference to valuable I.T. Brands, which of the following statements is/are correct? 1. 'Accenture' is the most valuable Worldwide I.T. Brand in 2022. 2. T.C.S. is No. 2 in global I.T. Services Brands in 2022. Select the correct answer from the code given below :

With reference to valuable I.T. Brands, which of the following statements is/are correct? 1. 'Accenture' is the most valuable Worldwide I.T. Brand in 2022. 2. T.C.S. is No. 2 in global I.T. Services Brands in 2022. Select the correct answer from the code given below : Correct Answer Both 1 and 2

The correct answer is Option 3.

Key Points

  • Indian IT services companies have outpaced their competitors from the US in brand value growth over the past two years of digital transformation accelerated by the Covid-19 pandemic.
  • Indian IT services brands made a leap, with average growth from 2020 to 2022 at 51 per cent compared to minus 7 per cent for brands from the US.
  • Accenture retains title of world’s most valuable and strongest IT services brand,achieving top Brand Strength Index (BSI) score of 87.7 out of 100. Hence statement 1 is correct.
  • Valued at US$16.8 billion, TCS reaches second for first time, propelled by business performance and successful partnerships. Hence statement 2 is correct.
  • Infosys at third  emerges as fastest-growing IT services brand globally following 52% brand value growth since last year and 80% since 2020 to US$12.8 billion
  • Fastest-falling brand in ranking following divestment, IBM drops out of top 3, but brand strength improves with increased focus on core competencies.
  • Next to TCS and Infosys, four more brands from India: Wipro, HCL, Tech Mahindra, LTI impress with performance in Brand Finance IT Services 25 2022 ranking.
  • Two new US-based brands enter top 25 ranking – EPAM (16th) is highest new entrant, joined by brand-to-watch Thoughtworks (24th).

Related Questions

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