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.

In the financial year 2025, the revenue of the IT industry in India reached *** billion U.S. dollars. Within the tech industry, the IT services segment had the largest share of revenue at *** billion dollars during the same year.

India IT Industry Revenue: USD: IT Services: Domestic data was reported at 17.000 USD bn in 2019. This stayed constant from the previous number of 17.000 USD bn for 2018. India IT Industry Revenue: USD: IT Services: Domestic data is updated yearly, averaging 8.476 USD bn from Mar 2000 (Median) to 2019, with 20 observations. The data reached an all-time high of 17.000 USD bn in 2019 and a record low of 1.500 USD bn in 2000. India IT Industry Revenue: USD: IT Services: 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 total revenue generated by the IT and BPM industry in India reached *** billion U.S. dollars in 2023. The general upward trend during the presented period was mainly generated by the massive wave of outsourcing from foreign companies. The domestic market The IT-BPM sector contributed a share of over ***** percent to India’s GDP in fiscal year 2022. Exports from the sector also increased gradually over the years. As of financial year 2023, Tata Consultancy Services was the largest IT services company in India, with a market capitalization of **** trillion Indian rupees. At the same time, the sector had an export value which was more than thrice the export value of software products and engineering services. Fueling the job market The South Asian country Is the largest process management destination worldwide. With the potential to harness new technologies, the industry can generate huge employment and revenue opportunities. Being the largest organized sector for job creation, the sector was estimated to contribute a share of about *** percent to the GDP by 2025.

India IT Industry Revenue: USD: IT Services data was reported at 91.000 USD bn in 2019. This records an increase from the previous number of 86.000 USD bn for 2018. India IT Industry Revenue: USD: IT Services data is updated yearly, averaging 57.597 USD bn from Mar 2007 (Median) to 2019, with 13 observations. The data reached an all-time high of 91.000 USD bn in 2019 and a record low of 22.581 USD bn in 2007. India IT Industry Revenue: USD: IT Services 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.TF005: Information Technology Statistics: National Association of Software and Service Company: IT-BPM: Industry Revenue. The revenue of IT Services is the addition of Domestic Revenue and Export Revenue of IT Services. Offshore Software Product Development is reclassified as Export Revenue of IT services from Software & Engineering since 2009.

The software market was around ****billion U.S. dollars in India in 2024. Within the segments, the enterprise software generated the highest revenue at *****billion U.S. dollars. This was followed by application development software, and productivity software. It was estimated that by the year 2030, the software market in India would grow to *****billion dollars. IT industry in India India’s IT industry is one of the leading sectors contributing towards India’s post-liberalization economic growth. The sector is a significant employer to about three million people and also a major contributor to the Indian economy, with around *** percent in financial year 1998, to about ******percent in financial year 2023. At present, the IT and IT enabled services industry has three major sectors: software services, and customized software development; Business Process Outsourcing (BPO); and research and development (R&D) as well as engineering services. Applications sector The leading software segments in terms of revenue are engineering applications, collaborative applications, customer relationship management applications, enterprise resource management applications, and content workflow and management applications. Although the coronavirus pandemic had a negative impact on Indian economy including the software market, it also served as a driver for many enterprises in reevaluating their IT strategies to make steps toward digital business models.

India IT Industry Revenue: USD: Hardware: Exports data was reported at 400.000 USD mn in 2016. This stayed constant from the previous number of 400.000 USD mn for 2015. India IT Industry Revenue: USD: Hardware: Exports data is updated yearly, averaging 407.500 USD mn from Mar 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 500.000 USD mn in 2008 and a record low of 395.000 USD mn in 2011. India IT Industry Revenue: USD: Hardware: Exports 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.TF006: Information Technology Statistics: National Association of Software and Service Company: IT-BPM: Exports Revenue.

India IT Industry Revenue: USD: Business Process Outsourcing data was reported at 34.800 USD bn in 2019. This records an increase from the previous number of 32.000 USD bn for 2018. India IT Industry Revenue: USD: Business Process Outsourcing data is updated yearly, averaging 21.099 USD bn from Mar 2007 (Median) to 2019, with 13 observations. The data reached an all-time high of 34.800 USD bn in 2019 and a record low of 8.667 USD bn in 2007. India IT Industry Revenue: USD: Business Process Outsourcing 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.TF005: Information Technology Statistics: National Association of Software and Service Company: IT-BPM: Industry Revenue.

According to Cognitive Market Research, the global IT Services market size was USD 984.8 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 8.70% from 2023 to 2030. Key Opportunities of the IT Services Market

Increasing Number Of Smart Cities Supports Industry Growth

Governments throughout the world are investing in the creation of smart cities. With research money and environmental aims for member countries, the European Union supports smart city activities. Smart cities are also becoming more popular in developing countries. Around 300 smart city pilot projects are being developed in China and India alone. These objectives necessitate the implementation of cutting-edge IT infrastructure.

The emergence of AI is significantly driving the IT Services Market

This will be a big future growth driver for the IT services industry. Tencent also pledged a $70 billion investment in artificial intelligence, cloud computing, and cybersecurity between 2022 and 2030. Chinese firms have shown a significant desire to establish themselves in India through investments.

(Source:www.cnbc.com/2020/05/27/china-tech-giant-tencent-pledges-70-billion-investment-in-ai-cloud.html)

Still, their condition has deteriorated as New Delhi's attitude toward Chinese technology and investment in its domestic market has shifted. This will be a major future growth driver for the IT services sector.

Market Dynamics of IT Services Market

Key Drivers for IT Services Market

Quick Digital Change in All Sectors: Businesses in a variety of industries, including manufacturing, retail, healthcare, and finance, are quickly digitizing their processes to boost productivity, customer satisfaction, and competitive standing. This change is driving up demand for IT services including software integration, infrastructure management, and cloud migration, particularly from businesses implementing automation and data-driven tactics. Growing Use of Hybrid IT Models and Cloud Computing: IT service providers are in great demand for consultation, implementation, and managed services as companies shift from on-premise infrastructure to cloud-based solutions. Recurring revenue opportunities in deployment, migration, security, and optimization services are being created by the growth of hybrid and multi-cloud solutions.

Key Restraints for IT Services Market

High labor costs and a lack of talent: The ability of service providers to grow is being constrained by the worldwide lack of qualified IT workers, particularly in the fields of artificial intelligence, cybersecurity, cloud architecture, and DevOps. Profit margins are also being strained by the high expense of recruiting and keeping skilled workers, especially for mid-sized businesses. Privacy and Data Security Issues with Outsourcing: Because of worries about data breaches, third-party access, and regulatory issues, businesses are still hesitant to outsource critical activities. These issues may cause businesses that handle sensitive or proprietary data to postpone or cut back on their use of outside IT service providers.

Key Trends for IT Services Market

Rise of Automation, AI, and Integration with AIOps: In order to boost predictive maintenance, automate repetitive processes, and improve decision-making, AI and machine learning are being included into IT service delivery models. Infrastructure management is being revolutionized by the emergence of AIOps (Artificial Intelligence for IT Operations), which enables proactive problem solving and efficient resource utilization. Growth in As-a-Service and Managed Offerings: Managed services and "as-a-service" models (such as SaaS, IaaS, PaaS, and Security-as-a-Service) are rapidly replacing traditional IT support. These models are appealing to both major corporations and small businesses due to their predictable costs, scalability, and decreased internal IT burden.

Impact of the COVID-19 Pandemic on the IT Services Market:

The epidemic has expedited digital transformation across industries, as firms have had to adjust to distant work and online operations. This raised demand for IT services such as cloud computing, cybersecurity, and digital transformation consultancy. Companies needed to quickly integrate remote collaboration solutions, improve their cybersecurity procedures, and optimize their digital infrastr...

The Banking, financial services and insurance (BFSI) contributed over ** percent in the export value for the Indian IT industry during fiscal year 2021. On the other hand, Hi-tech and telecom sector contributed roughly **** percent. The total export value stood at ***** billion U.S. dollars during the same year.

India IT Industry Revenue: USD: Software & Engineering data was reported at 33.000 USD bn in 2018. This records an increase from the previous number of 29.000 USD bn for 2017. India IT Industry Revenue: USD: Software & Engineering data is updated yearly, averaging 15.995 USD bn from Mar 2007 (Median) to 2018, with 12 observations. The data reached an all-time high of 33.000 USD bn in 2018 and a record low of 8.186 USD bn in 2007. India IT Industry Revenue: USD: Software & Engineering 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.TF005: Information Technology Statistics: National Association of Software and Service Company: IT-BPM: Industry Revenue. The revenue of Software & Engineering is the addition of Domestic Revenue and Export Revenue of Software & Engineering. Offshore Software Product Development has been excluded from Export Revenue of Software & Engineering since 2009.

In the financial year 2025, the total revenue generated by IT industry exports from India was at *** billion U.S. dollars. It was almost doubled in comparison with the *** billion dollars in 2016. During the presented period, there was a constant increase in the export value despite the impact of the coronavirus pandemic. IT industry in India IT products and services are arguably one of the most important exports of India. In the financial year 2025, it accounted for *** percent of the country’s GDP. India’s IT sector started to bloom in the 1990s, after the government introduced a new software policy to build proper infrastructure for software development in the country. The sector has mostly been an outfacing industry, with a reputation for high-quality outsourcing services. IT services were the leading types of IT exports, with an export value of *** billion dollars in 2024. Tata Consultancy Services Of all the IT services and consulting companies in India, Tata Consultancy Services has been the most successful, with a market capitalization of more than ** trillion Indian rupees. It was founded in 1968, as part of the Tata Sons. After going public in 2004, it became the most important subsidiary of the Tata Group. It employs more than half a million people and operates in more than 50 countries. More than a third of its revenue comes from the banking, financial services, and insurance industries.

In financial year 2025, the industry gross revenue of the telecom sector in India reached **** trillion Indian rupees. It was a significant increase of more than ** percent from 2024. During the same period, there were close to **** billion wireless subscribers in the country.

India IT Industry Revenue: USD: Hardware: Domestic data was reported at 15.000 USD bn in 2018. This records an increase from the previous number of 14.000 USD bn for 2017. India IT Industry Revenue: USD: Hardware: Domestic data is updated yearly, averaging 7.239 USD bn from Mar 1995 (Median) to 2018, with 24 observations. The data reached an all-time high of 15.000 USD bn in 2018 and a record low of 590.000 USD mn in 1995. India IT Industry Revenue: USD: Hardware: 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.

In the year 2022, the revenue of the software products sector in India was at *** billion U.S. dollars. It was estimated that the revenue would rise to **** billion dollars in 2028. The revenue of the same sector in the ***** was around ** to ** million dollars.

India IT Industry Revenue: USD: Business Process Outsourcing: Domestic data was reported at 4.100 USD bn in 2019. This records an increase from the previous number of 4.000 USD bn for 2018. India IT Industry Revenue: USD: Business Process Outsourcing: Domestic data is updated yearly, averaging 2.304 USD bn from Mar 2001 (Median) to 2019, with 19 observations. The data reached an all-time high of 4.100 USD bn in 2019 and a record low of 100.000 USD mn in 2002. India IT Industry Revenue: USD: Business Process Outsourcing: 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.

India IT Industry Revenue: USD: Software & Engineering: Exports data was reported at 28.000 USD bn in 2018. This records an increase from the previous number of 25.000 USD bn for 2017. India IT Industry Revenue: USD: Software & Engineering: Exports data is updated yearly, averaging 12.247 USD bn from Mar 2007 (Median) to 2018, with 12 observations. The data reached an all-time high of 28.000 USD bn in 2018 and a record low of 6.586 USD bn in 2007. India IT Industry Revenue: USD: Software & Engineering: Exports 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.TF006: Information Technology Statistics: National Association of Software and Service Company: IT-BPM: Exports Revenue. Export Revenue of Software & Engineering includes Offshore Software Product Development (OSPD) prior to 2009. OSPD is then reclassified as IT services since 2009.

In financial year 2023, the market size of India's technology sector was estimated to achieve *** billion U.S. dollars. It is an *** percent increase in comparison with the previous year. Exports accounted for most of the market size.

India IT Industry Revenue: USD: Business Process Outsourcing: Exports data was reported at 30.700 USD bn in 2019. This records an increase from the previous number of 28.000 USD bn for 2018. India IT Industry Revenue: USD: Business Process Outsourcing: Exports data is updated yearly, averaging 17.879 USD bn from Mar 2007 (Median) to 2019, with 13 observations. The data reached an all-time high of 30.700 USD bn in 2019 and a record low of 7.570 USD bn in 2007. India IT Industry Revenue: USD: Business Process Outsourcing: Exports 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.TF006: Information Technology Statistics: National Association of Software and Service Company: IT-BPM: Exports Revenue.