The India Private Equity Market is Segmented by Fund Type (Buyout and Growth, Venture Capital, Mezzanine and Distressed, and More), Sector (Technology, Healthcare, Real Estate, Financial Services, Consumer and Retail, Industrials, Telecom, and More), Investments (Large Cap, Upper-Middle Market, and More), and Region (North, West, South, East and Northeast, and Central). The Market Forecasts are Provided in Terms of Value (USD).

The India IT Services Market Report is Segmented by Service Type (IT Consulting and Implementation, IT Outsourcing, Business Process Outsourcing, and More), End-User Enterprise Size (Small and Medium Enterprises, and Large Enterprises), Deployment Model (Onshore Delivery, and More), and End-User Vertical (BFSI, Manufacturing, Government and Public Sector, and More). The Market Forecasts are Provided in Terms of Value (USD).

The retail market size in India was expected to amount to *** trillion U.S. dollars by 2026, up from *** trillion dollars in 2023. While an overall increase was noted up to 2019, 2020 marked a decrease due to the coronavirus pandemic. The Indian retail landscape Despite the pandemic, India was among the few countries showing growth in retail sales in 2020. Characterized by its unorganized retail, primarily via kirana stores, the country underwent a process of change in retail forms, which is yet to pace down. The emergence of larger retail spaces such as malls and supermarkets, along with the growth of online commerce, drove change in the subcontinent’s retail landscape. Nevertheless, kirana stores continued to dominate Indian retail, adopting digitalization and collaboration with larger players in this sector. The dominance of grocery retail   The retail of groceries contributed as much as ** percent to India’s retail industry. However, only a small share of that was sold through online or modern retailers. The coronavirus (COVID-19) pandemic in 2020 gave online retail a new push to e-grocers. As products were sometimes not available at physical stores, online grocers such as BigBasket managed to fill that gap successfully.

India software market size reached USD 21.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 61.5 Billion by 2033, exhibiting a growth rate (CAGR) of 11.7% during 2025-2033. The increasing demand for cloud computing, which offers scalability, flexibility, and cost-effectiveness, thereby allowing businesses to access and deploy software applications without the need for extensive infrastructure, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, deployment mode, enterprise size, and industry vertical.

The AI market size in India was around *** billion U.S. dollars in 2024. Among all the segments, machine learning had the largest share at *** billion dollars. Artificial intelligence has been responsible for drastic changes in the technology sector where it can greatly improve productivity through process simplification and automation. It is also an integral part and one of the fundamental bases of Industry 4.0. IT industry in India The IT industry in India is a huge industry which consists of information technology services, consulting, and outsourcing. India’s IT services industry was born in Mumbai in 1967 when Tata Consultancy Services was established. India made up to more than ** percent of the global IT spending in financial year 2021. Within the global IT industry, India is renowned for its IT outsourcing services, and with governmental support and foreign investments, the industry is also developing technologies relative to AI and IoT. AI technologies The main branches of an AI ecosystem are machine learning, robotics, artificial neural networks, and Natural Language Processing (NLP). In machine learning, software programs run through existing data, and apply the learned knowledge to new data or to predict data. In the field of robotics, it develops and trains robots for various applications. A prominent example is autonomous vehicles, though the level of autonomy varies, it was estimated that between 2024 and 2025, fully autonomous cars could be seen in the market.

India Plant Growth Regulators Market was valued at USD 102.34 Million in 2024 and is anticipated to project impressive growth in the forecast period with a CAGR of 7.22% through 2030.

Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. in India was reported at 6.7 % in 2027, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

The India Location-Based Services Market report segments the industry into By Component (Hardware, Software, Services), By Location (Indoor, Outdoor), By Application (Mapping and Navigation, Business Intelligence and Analytics, Location-based Advertising, Social Networking and Entertainment, and more), and By End-User (Transportation and Logistics, IT and Telecom, Healthcare, Government, BFSI, Hospitality, and more).

In financial year 2023, the market size of India's technology sector was estimated to achieve *** billion U.S. dollars. The IT services had the largest share, at *** billion dollars. It is an *** percent increase in comparison with the previous year. Most of the value was generated by export.

India was the leading outsourcing destination in the world, accounting for more than half of the market of the global information technology services in financial year 2021. The IT & BPM sector accounted for around ***** percent of India’s GDP the same year. Rapid digitalization and transition to remote working helped the industry to stabilize its growth while facing the impact of the coronavirus pandemic. IT sector at a glance The Indian government has been very supportive of the IT sector, providing various tax exemptions and financial benefits, which enabled India to become the home of many major IT companies, like Tata Consultancy Services, Infosys, Wipro, L&T Infotech, Mindtree, and Tech Mahindra. India’s IT-BPM industry employed around *** million personnel in financial year 2022. The IT spending of the country in 2023 was estimated to be around *** billion U.S. dollars. Road Ahead New technologies like artificial intelligence and robotic process automation offer new opportunities for IT companies in India to grow. The global AI market revenue is forecast to reach more than half a trillion U.S. dollars by the end of 2024. India’s IT industry has been stably growing over the years in both the domestic and export markets and is expected to continue the growth trend in the upcoming years.

Forecast: Dates Market Size Volume in India 2024 - 2028 Discover more data with ReportLinker!

India washing machine market size reached USD 1.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.8 Billion by 2033, exhibiting a growth rate (CAGR) of 4.40% during 2025-2033. The rising number of laundromats and dry-cleaning services is primarily driving the market growth across the country.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, capacity, distribution channel, and end use.

In 2020, the power tools market growth rate in India was estimated to be **** percent. The power tools market size in India was forecast to have continuous growth till the end of the forecast period. With such steady compound growth, the market size will be almost doubled from 2016 to 2027.

USD 10.44 Billion in 2024; projected USD 28.41 Billion by 2033; CAGR 11.71%.

The India furniture market was valued at USD 24.75 Billion in 2024. The industry is expected to grow at a CAGR of 6.70% during the forecast period of 2025-2034 to attain a valuation of USD 47.34 Billion by 2034.

India lactose market is anticipated to grow at a strong CAGR of 6.7% during the forecast period 2025-2032, primarily fueled by increasing dairy consumption

The India mayonnaise market was valued at USD 485.08 Million in 2024 and is expected to grow at a CAGR of 7.60% during the forecast period of 2025-2034. Rising demand from cloud kitchens and quick-service restaurants (QSRs) across Tier 1 and Tier 2 Indian cities is steadily amplifying bulk orders for mayonnaise variants, particularly eggless and flavoured blends, aiding the market to reach a value of USD 1009.10 Million by 2034.

Growing urbanisation, changing consumer palates and increased snacking trends are fuelling demand in the market. According to industry reports, the Indian processed food sector, of which condiments are a major part, is expected to hit USD 535 billion by 2025. Mayonnaise, in particular, is carving a stronger hold on grocery shelves and QSR menus alike, driven by both premiumisation and localisation of flavour profiles.

Government initiatives like the “PM Formalisation of Micro Food Processing Enterprises” (PMFME) scheme are empowering small and mid-sized manufacturers to enter value-added condiments like mayonnaise. Meanwhile, a recent FSSAI mandate standardising emulsified sauces has further bolstered confidence among B2B buyers in HoReCa and retail supply chains, boosting further growth in the India mayonnaise market. A shift toward clean-label, eggless, and flavoured variants is attracting innovation at the formulation level, with companies experimenting with avocado oil, desi masalas, and functional ingredients like protein blends.

In addition, the market is also witnessing backend technological upgrades. Cold-chain advancements and AI-driven inventory systems are now being embedded in distribution models to reduce spoilage and improve shelf management. Major players and new-age D2C brands like Veeba are working with cloud kitchens and e-commerce delivery aggregators to build specialised SKUs tailored for regional cuisines, especially in metro cities, shaping the India mayonnaise market dynamics.

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India IT And BPO Services Market Size 2025-2029

The India IT and BPO services market size is valued to increase USD 214.8 billion, at a CAGR of 12.3% from 2024 to 2029. Rising cost pressure to maintain in-house IT systems will drive the India it and bpo services market.

Major Market Trends & Insights

By End-user - Finance segment was valued at USD 39.30 billion in 2022
By Type - Export segment accounted for the largest market revenue share in 2022
CAGR : 12.3%

Market Summary

The market continues to evolve, driven by the increasing adoption of core technologies such as cloud computing, artificial intelligence, and automation. These technologies are transforming the way businesses operate, leading to a surge in demand for IT and Business Process Outsourcing (BPO) services. According to recent reports, the Indian IT and BPO industry is expected to reach a market share of 10% in the global IT services market by 2025. Service types, including application development and maintenance, infrastructure services, and BPO, are witnessing significant growth. However, the market faces challenges such as rising cost pressure to maintain in-house IT systems, increased adoption of application outsourcing, and lack of effective communication between clients and companies.
Regulations, including data privacy laws and cybersecurity regulations, are also shaping the market dynamics. Despite these challenges, opportunities abound, with India's large talent pool and competitive labor costs making it an attractive destination for IT and BPO services.

What will be the Size of the India IT And BPO Services Market during the forecast period?

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How is the IT And BPO Services in India Market Segmented and what are the key trends of market segmentation?

The it and bpo services in India industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Finance
  Insurance
  Telecom
  Healthcare
  Others


Type

  Export
  Domestic


Product

  IT services
  BPM
  Software and research and development


Outsourcing Type

  Onshore
  Offshore
  Nearshore
  Onshore
  Offshore
  Nearshore


Deployment

  On premise
  Cloud
  On premise
  Cloud


Geography

  APAC

    India

By End-user Insights

The finance segment is estimated to witness significant growth during the forecast period.

The market continues to expand, particularly in the finance sector. Currently, over 40% of the market's revenue comes from banking and financial institutions. This trend is driven by the increasing number of these institutions, leading to a growing demand for IT services in IT infrastructure management and BPO services for customer support and sales. As a result, 35% of global banking and finance companies outsource their IT and business processes to India. In terms of future growth, the market is expected to witness significant expansion in areas such as IT service management, application development services, and business process outsourcing. IT service management is projected to grow by 18%, driven by the need for efficient service delivery and improved customer experience.

Application development services are expected to expand by 22%, fueled by the increasing adoption of digital transformation initiatives. Business process outsourcing is anticipated to increase by 25%, as more companies seek to reduce costs and focus on their core competencies. Additionally, the market is experiencing growth in areas such as cloud computing services, data analytics platforms, network security systems, and service level agreements. Cloud computing services are expected to grow by 20%, as more companies move their operations to the cloud for scalability and cost savings. Data analytics platforms are projected to expand by 21%, as businesses look to gain insights from their data to make informed decisions.

Network security systems are anticipated to increase by 19%, as companies prioritize cybersecurity in the face of increasing threats. Furthermore, the market is witnessing growth in areas such as help desk support, disaster recovery planning, customer relationship management, cybersecurity protocols, virtual desktop infrastructure, and IT governance frameworks. Help desk support is expected to grow by 17%, as companies look to improve their customer service metrics. Disaster recovery planning is projected to expand by 16%, as businesses prioritize business continuity management. Customer relationship management is anticipated to increase by 15%, as companies seek to improve customer engagement and loyalty. Cybersecurity protocols are expected to grow by 14%, as businesses prioritize data security.

Virtual desktop infrastructure

In the year 2022, the estimated market size of social commerce in India is ************* U.S. dollars. The market size of social commerce is likely to increase to ** billion U.S. dollars in the year 2030. Social commerce is an e-commerce type that involves the online selling and buying of products through social media and online media.

The India food subscription market was valued at USD 296.40 Million in 2024. The industry is expected to grow at a CAGR of 11.40% during the forecast period of 2025-2034. Increasing urbanization accompanied by dynamic lifestyle changes and the growing demand for customized health-based diets accelerates the growth of the market, marking it as a leading segment in the changing food tech landscape. This is leading the market to attain a valuation of USD 872.43 Million by 2034.