NYT : India IT Services Market Will Be Worth $11b By 2011

Wednesday, January 23, 2008

India’s IT services market is forecast to grow to US$10.73 billion by 2011, at a five-year compound annual growth rate of 23.2%, as outsourcing emerges as a more favored option for companies in India, according to research firm Gartner…..IBM, Tata Consultancy Services (TCS) and Wipro together accounted for 26.1% of IT services vendor market share in India last year, according to Gartner.  IBM was the top vendor, with 11.2% market share. TCS and Wipro occupy the second and third positions with 10.9 and 4.1% market shares, respectively.  However, the Indian IT services market is still fragmented, with the majority of the market being serviced by smaller local players that account for close to 40% of the IT services market, according to Gartner…..The key segments of the Indian IT services market are hardware maintenance and support, software support, consulting, development and integration, IT management, and process management, Gartner said.

Reference : http://www.nytimes.com/idg/IDG_002570DE00740E18002573D8

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