IT and BPO Services Market in India 2022-2026
Technavio has been monitoring the IT and BPO services market in India and it is poised to grow by $116.01 bn during 2022-2026, accelerating at a CAGR of 9.19% during the forecast period. Our report on the IT and BPO services market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising cost pressure to maintain in-house IT systems, the need to focus on core competencies and improve efficiency, and access to new technology, domain expertise, and round-the-clock service.
The IT and BPO services market in India analysis includes the product, end-user, and type segments.
Technavio's IT and BPO services market in India is segmented as below:
This study identifies the increased adoption of application outsourcing as one of the prime reasons driving the IT and BPO services market growth in India during the next few years. Also, increasing digital transformation in organizations and increased adoption of software-defined infrastructure will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the IT and BPO services market in India covers the following areas:
- IT and BPO services market sizing
- IT and BPO services market forecast
- IT and BPO services market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IT and BPO services market vendors in India that include Accenture Plc, AEGIS Co., Automatic Data Processing Inc., Cognizant Technology Solutions Corp., ExlService Holdings Inc., Firstsource Solutions Ltd., Genpact Ltd., HCL Technologies Ltd., Hinduja Global Solutions Ltd., Infosys Ltd., International Business Machines Corp., Morae Global Corp., Serco Group Plc, Srisys Inc., Sutherland Global Services Inc., Tata Consultancy Services Ltd., Tech Mahindra Ltd, TTEC Holdings Inc., Wipro Ltd., and WNS Holdings Ltd. Also, the IT and BPO services market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.