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IT Service Market in India 2010-2014
Infiniti Research Limited, February 2012, Pages: 25
TechNavio’s analysts forecast the Information Technology Service market in India to grow at a CAGR of 18.7 percent over the period 2010–2014. One of the key factors contributing to this market growth is India being considered as the most favorable outsourcing destination. The IT Service market in India has also been witnessing the upsurge of cloud computing. However, maintaining high growth levels could pose a challenge to the growth of this market.
TechNavio’s report, the IT Service Market in India 2010–2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on India; it also covers the IT Service market in India landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include IBM Corp., Tata Consultancy Services Ltd., Wipro Ltd., and Infosys Ltd.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
TechNavio Announces the Publication of its Report – IT Service Market in India 2010–2014
TechNavio today published its report IT Service Market in India 2010–2014. The report aims to aid decision-makers’ understanding of the current and future trends impacting this market.
Commenting on the report, an analyst from TechNavio’s IT Services team said, “Cloud computing is all about accessing computing resources operated by a third-party provider in usually more than one data center locations. With minimal up-front investment, cloud computing provides pay-per-use billing model. Cloud computing has been the buzz word for some time now in the Technology sector. With increasing awareness among customers about its advantages, service providers are increasingly looking at developing capabilities in cloud computing. Market leaders have realized that cloud computing enables organizations to scale resources up or down as needed and also eliminates the need to over-buy IT resources far ahead of demand.”
According to the report, India is leading the list of the most favored outsourcing destinations across the world. The major source for its consistency of high-quality work has been the skilled labor pool, and the implementation of various quality control measures by companies in India to ensure a high-quality service; which attracts various MNCs for outsourcing projects. The labor rate for a highly skilled labor force in India is very economical as compared to their counterparts in the US and the UK. Therefore, companies in other countries are increasingly outsourcing their operations to India, which is increasing the demand for IT services.
The report also discusses that maintaining high growth levels is one of the key challenges faced by the IT Service market in India.
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 a SWOT analysis of the key players.
01. Executive Summary
03. Market Coverage
04. Market Landscape
05. Vendor Landscape
06. Market Growth Drivers
07. Market Challenges
08. Market Trends
09. Key Vendor Analysis
09.3 Wipro Ltd.
09.4 Infosys Ltd.
10. Other Reports in this Series
List of Exhibits:
Exhibit 1: IT Service Market in India 2010–2014 (US$ billion)
Exhibit 2: IT Service Market in India by Vendor Segmentation 2010
- Wipro Ltd.
- Infosys Ltd