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IT Services in India

Publisher MarketLine
Published Oct 23, 2025
Length 52 Pages
SKU # MTLN20768179

Description

IT Services in India

Summary

IT Services in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • IT services market involves the design, development, implementation, management, and support of information technology systems and applications for organizations. Market values include revenues generated from (a) signed deals that remain under contract and (b) new contracts signed within that calendar year.
  • The Indian IT services industry recorded revenues of $66.7 billion in 2024, representing a compound annual growth rate (CAGR) of 15.3% between 2019 and 2024.
  • The infrastructure services segment accounted for the industry's largest proportion in 2024, with total revenues of $36.5 billion, equivalent to 54.8% of the industry's overall value.
  • In 2024, the Indian IT services industry recorded an annual growth of 18.6%. The growth is attributed to the accelerating digital transformation among small and medium-sized enterprises (SMEs). According to the Ministry of Micro, Small & Medium Enterprises, as of December 2024, 57.0 million micro, small, and medium enterprises (MSMEs) were registered on the Udyam Registration Portal and Udyam Assist Platform (UAP).
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the it services market in India
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the it services market in India
  • Leading company profiles reveal details of key it services market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the India it services market with five year forecasts
Reasons to Buy
  • What was the size of the India it services market by value in 2024?
  • What will be the size of the India it services market in 2029?
  • What factors are affecting the strength of competition in the India it services market?
  • How has the market performed over the last five years?
  • What are the main segments that make up India's it services market?

Table of Contents

52 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent market developments?
8 Company Profiles
8.1. Tata Consultancy Services Ltd
8.2. Infosys Ltd
8.3. HCL Technologies Ltd
8.4. Tech Mahindra Ltd
8.5. Wipro Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: India IT services industry value: $ million, 2019-24
Table 2: India IT services industry category segmentation: % share, by value, 2019-24
Table 3: India IT services industry category segmentation: $ million, 2019-24
Table 4: India IT services industry geography segmentation: $ million, 2024
Table 5: India IT services industry value forecast: $ million, 2024-29
Table 6: Tata Consultancy Services Ltd: Key Facts
Table 7: Tata Consultancy Services Ltd: Annual Financial Ratios
Table 8: Tata Consultancy Services Ltd: Key Employees
Table 9: Tata Consultancy Services Ltd: Key Employees Continued
Table 10: Infosys Ltd: Key Facts
Table 11: Infosys Ltd: Annual Financial Ratios
Table 12: Infosys Ltd: Key Employees
Table 13: Infosys Ltd: Key Employees Continued
Table 14: HCL Technologies Ltd: Key Facts
Table 15: HCL Technologies Ltd: Annual Financial Ratios
Table 16: HCL Technologies Ltd: Key Employees
Table 17: HCL Technologies Ltd: Key Employees Continued
Table 18: Tech Mahindra Ltd: Key Facts
Table 19: Tech Mahindra Ltd: Annual Financial Ratios
Table 20: Tech Mahindra Ltd: Key Employees
Table 21: Tech Mahindra Ltd: Key Employees Continued
Table 22: Wipro Ltd: Key Facts
Table 23: Wipro Ltd: Annual Financial Ratios
Table 24: Wipro Ltd: Key Employees
Table 25: Wipro Ltd: Key Employees Continued
Table 26: India Size of Population (Million), 2020-24
Table 27: India Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 28: India GDP (Current Prices, $ Billion), 2020-24
Table 29: India Inflation, 2020-24
Table 30: India Consumer Price Index (Absolute), 2020-24
Table 31: India Exchange Rate, 2019-24
List of Figures
Figure 1: India IT services industry value: $ million, 2019-24
Figure 2: India IT services industry category segmentation: $ million, 2019-24
Figure 3: India IT services industry geography segmentation: % share, by value, 2024
Figure 4: India IT services industry value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the IT services industry in India, 2024
Figure 6: Drivers of buyer power in the IT services industry in India, 2024
Figure 7: Drivers of supplier power in the IT services industry in India, 2024
Figure 8: Factors influencing the likelihood of new entrants in the IT services industry in India, 2024
Figure 9: Factors influencing the threat of substitutes in the IT services industry in India, 2024
Figure 10: Drivers of degree of rivalry in the IT services industry in India, 2024

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