India It Services Market Size & Outlook, 2023-2030
India it services market, 2017-2030 (US$M)
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India it services market highlights
- The India it services market generated a revenue of USD 69,201.6 million in 2023 and is expected to reach USD 166,425.9 million by 2030.
- The India market is expected to grow at a CAGR of 13.4% from 2024 to 2030.
- In terms of segment, reactive it services was the largest revenue generating approach in 2023.
- Proactive IT Services is the most lucrative approach segment registering the fastest growth during the forecast period.
It services market data book summary
| Market revenue in 2023 | USD 69,201.6 million |
| Market revenue in 2030 | USD 166,425.9 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Reactive it services |
| Fastest growing segment | Proactive IT Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reactive IT Services, Proactive IT Services |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, Microsoft Corp, Broadcom Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, India accounted for 5.1% of the global it services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China it services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 166,425.9 million by 2030.
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IT Services Market Scope
IT Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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India it services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to it services market will help companies and investors design strategic landscapes.
Reactive it services was the largest segment with a revenue share of 55.52% in 2023. Horizon Databook has segmented the India it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
Some key drivers driving the need for IT services in India are the growing acceptance of cloud computing, rising internet penetration, the building of data centers, government rules for data collected in the nation, and increased foreign investment.
In August 2022, Accenture partnered with Amazon Web Services, Inc., a company that offers inexpensive, reliable cloud computing services to governments, companies, and individuals to help unemployed or underemployed individuals in India to begin a profession in cloud computing.
Through Amazon Web Services, Inc., a 12-week in-person skillsdevelopment program would be provided at no cost. It would train participants for entry-level site reliability, IT operations, and infrastructure support roles. Accenture is financing and implementing the initiative in India through non-profit associations that are part of Accenture's skilling ecosystem.
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Our clientele includes a mix of it services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India it services market , including forecasts for subscribers. This country databook contains high-level insights into India it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India it services market size, by approach, 2017-2030 (US$M)
India IT Services Market Outlook Share, 2023 & 2030 (US$M)
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