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).

In financial year 2025, the domestic revenue of India's information technology industry reached **** billion U.S. dollars, which would be a slight increase from *** previous year. In 2025, the exports from the IT industry was around ****billion dollars.

India IT Industry Revenue: USD: Domestic data was reported at 41.000 USD bn in 2019. This stayed constant from the previous number of 41.000 USD bn for 2018. India IT Industry Revenue: USD: Domestic data is updated yearly, averaging 20.380 USD bn from Mar 1997 (Median) to 2019, with 23 observations. The data reached an all-time high of 48.000 USD bn in 2015 and a record low of 2.661 USD bn in 1997. India IT Industry Revenue: USD: Domestic data remains active status in CEIC and is reported by National Association of Software and Service Companies. The data is categorized under Global Database’s India – Table IN.TF007: Information Technology Statistics: National Association of Software and Service Company: IT-BPM: Domestic Revenue.

The Index of Industrial Production across all Indian industries in the financial year of 2024 was recorded at around ***. This indicated a growth in industrial production and growth across all sectors by around *** percent from the previous year.

India Data Center Storage Market is Segmented by Storage Technology (Network Attached Storage, Storage Area Network, and More), Storage Type (Traditional Storage, All-Flash Storage, Hybrid Storage), Data Center Type (Colocation, Hyperscale/Self-built, and More), End-User Industry (IT and Telecommunication, and More). The Market Forecasts are Provided in Terms of Value (USD).

India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Employment data was reported at 6.600 % in 2017. This stayed constant from the previous number of 6.600 % for 2016. India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Employment data is updated yearly, averaging 7.600 % from Mar 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 8.100 % in 2012 and a record low of 6.600 % in 2017. India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Employment data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAG003: Basic Metals: Overview of Annual Survey Industry.

In 2022, the revenue of the software industry in India was valued at *** billion U.S. dollars, with enterprise software accounting for the highest revenue at *** billion dollars. This was followed by application development software segment at *** billion dollars. The revenue of the software industry in the 1990s was around ** to ** million dollars.

The India Data Center Server Market is Segmented by Form Factor (Blade Server, Rack Server, and More), Processor Architecture (x86, ARM, and More), Deployment Model (Hyperscale Cloud, Colocation, and More), End-User Industry (IT and Telecommunications, BFSI, and More), and Geography (North India, South India, and More). Market Forecasts are Provided in Terms of Value (USD).

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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

India data center market size earned at USD 7.1 billion in 2023 and estimate to reach USD 12.0 billion, and will grow at a remarkable CAGR of 6.8% till 2031.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for India (INDPROMANAISMEI) from 1995 to 2023 about India, production, and manufacturing.

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

India Manufacturing Industries: Number Of Factories data was reported at 249,987.000 Unit in 2022. This records a decrease from the previous number of 250,454.000 Unit for 2021. India Manufacturing Industries: Number Of Factories data is updated yearly, averaging 132,814.000 Unit from Mar 1982 (Median) to 2022, with 41 observations. The data reached an all-time high of 250,454.000 Unit in 2021 and a record low of 93,166.000 Unit in 1983. India Manufacturing Industries: Number Of Factories data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under India Premium Database’s Mining and Manufacturing Sector – Table IN.BAC001: Manufacturing Industry: NIC 2008: All Industries.

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.

The India Data Center Rack Market is Segmented by Rack Size (Quarter Rack 9U–22U, Full Rack 42U–52U, and More), Rack Type (Open-Frame Racks, Soundproof Racks, and More), Cooling Compatibility (Air-Cooled Racks, Liquid-Cooled Racks, and More), End-User Industry (IT and Telecommunication, BFSI, and More), Data Center Type(Colocation Facilities and More). The Market Forecasts are Provided in Terms of Value (USD Million).

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 Food Processing Equipment Market Share, Size & Trends Analysis Report - Market Scope, Growth Opportunities, Threats & Industry Forecast, 2023-2030

India (FDI) Foreign Direct Investment: Inflow: Food Processing Industries data was reported at 40,169.970 INR mn in 2018. This records a decrease from the previous number of 57,271.470 INR mn for 2017. India (FDI) Foreign Direct Investment: Inflow: Food Processing Industries data is updated yearly, averaging 9,469.640 INR mn from Dec 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 225,963.300 INR mn in 2013 and a record low of 1,782.910 INR mn in 2005. India (FDI) Foreign Direct Investment: Inflow: Food Processing Industries data remains active status in CEIC and is reported by Department of Industrial Policy and Promotion. The data is categorized under Global Database’s India – Table IN.OA023: Foreign Direct Investment: Inflow: Annual: by Industry.

India ICT market reached around USD 114.68 Billion in 2024. It is projected to grow at a CAGR of 13.10% during 2025-2034 to reach nearly USD 392.75 Billion by 2034.

The size of the India Plant-Based Meat Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 11.55% during the forecast period. Recent developments include: February 2023: Impossible Foods’ introduced a new plant-based chicken products line-up.October 2022: Allana Consumer Products has partnered with Beyond Meat Inc.to distribute Beyond plant based Meat's range of beyond burger, meatballs, sausages, minced meat throughout the India.June 2022: Coffee chain Tata Starbucks has tied up with plant-based food company Imagine Meats to sell vegan food in India.. Key drivers for this market are: Increasing Demand for Protein-Rich Food, Increasing Demand for Plant-Based and Organic Ingredients. Potential restraints include: Presence of Counterfeit Products. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.