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Industry Landscape
The IT Services and Software Development industry is experiencing robust growth driven by increased demand for digital transformation, cloud adoption, AI/ML, and specialized software solutions across all business sizes. Companies are heavily investing in custom development to enhance efficiency and market reach, fostering intense competition among service providers.
Industries:
Total Assets Under Management (AUM)
IT Services Market Size in India
~Approximately 200-250 billion USD
(10-15% CAGR)
- Driven by strong domestic demand for digital services.
- Significant growth in cloud, AI, and cybersecurity segments.
- Supported by government initiatives and skilled workforce.
Total Addressable Market
250 billion USD
Market Growth Stage
Low
Medium
High
Pace of Market Growth
Accelerating
Deaccelerating