The India IT services market is forecast to reach $10.2 billion in 2013 a 12-per cent increase from an estimated $9.1 billion in 2012, according to Gartner, Inc.
India's IT services market offers significant opportunities for IT services providers because of the increasing needs and wants of IT buyers. As companies grow in size and scale, the market is likely to see larger IT services deals with more sophisticated deal engagement practices. This market has a critical mass that is worth tapping into and has the potential to expand further with "as a service"-type service offerings.
“Although India's IT services growth rate has slowed in the past two years, the rate of growth remains relatively high,” said Arup Roy, Principal Research Analyst.
Government infrastructure projects will strongly drive IT, in conjunction with the expansion of the financial services and manufacturing subsectors. All industry verticals have a high propensity and willingness to spend on IT, given the growth story across the board.
