IT And BPO Services Market In India 2023-2027
The IT and BPO services market in India is forecasted to grow by USD 151.59 bn during 2022-2027, accelerating at a CAGR of 10.8% during the forecast period. The 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 regarding 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, need to focus on core competencies and improve efficiency, and access to new technology, domain expertise, and round-the-clock service.
Technavio's IT and BPO services market in India is segmented as below:
By End-user
- Finance
- Insurance
- Telecom
- Healthcare
- Manufacturing and others
By Type
By Product
- IT services
- BPM
- Software and R and D
By Geographical Landscape
This study identifies the increased adoption of application outsourcing as one of the prime reasons driving the IT and BPO services market in India growth 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.
The report on the IT and BPO services market in India covers the following areas:
- IT and BPO services market sizing in India
- IT and BPO services market forecast in India
- IT and BPO services market industry analysis in India
The 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 in India vendors that include Accenture Plc, Automatic Data Processing Inc., Cognizant Technology Solutions Corp., ExlService Holdings Inc., Firstsource Solutions Ltd., Genpact Ltd., HCL Technologies Ltd., Hinduja Group Ltd., Infosys Ltd., International Business Machines Corp., Morae Global Corp., Serco Group Plc, Srisys Inc., StarTek 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.
The publisher 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.