IT Company is basically an Information technology company and it handles operations like storing and retrieving devices. Some of the examples of IT services offered by it- companies are Network security so that data should be secured, help desk support to troubleshoot issues, Backup recovery when accidents like data gets lost from the system, Cloud services for storing large amount of data and It-consultation. IT Company is broadly divided into service based and product-based companies. Product based IT companies make their own products and launch in the market. Such companies customize their products according to the client requirement and need and try their best to give product according to customer’s preference.
Some of the well-known product-based companies are Adobe, Cisco, Microsoft, Paytm, Dell EMC, Amazon, Amdocs, IBM, Intel, Salesforce, Paypal and Google. Whereas service-based IT companies are those who doesn’t have their own products, but they provide services to other companies to fulfill their IT requirements and it predominantly emphases on customer’s requirements. Some of the Indian IT companies that are products base are TCS, Mphasis, Tech Mahindra, Wipro, HCL, L and T, Mindtree and Hexaware Technologies. Some of the major differences among product based and service-based IT companies are Code quality is primary concern in product-based companies whereas Code quality is not considered that much in service-based companies. Salary difference is huge when it comes to product-based and IT-based companies. Product base companies offer high salaries because they hire talent but service based just hire educated people to accomplish their tasks so Salary package is quite low here.