Authored By: Sarah
05 Dec 2023

Tech Surge: India's USD 151.59 Billion IT & BPO Boom with HCL, Infosys & IBM

The Indian IT and BPO Services Market stands at the forefront of the country's thriving technological landscape, witnessing substantial growth and evolution. With a robust presence in global outsourcing, India's IT sector offers a diverse spectrum of services encompassing software development, business process outsourcing (BPO), cloud computing, cybersecurity, and more. The market's exponential growth is fueled by factors like India's skilled workforce, cost-effectiveness, technological innovation, and a favorable regulatory environment.

As per the forecast, between 2022 and 2027, the India IT and BPO services market is projected to expand with a Compound Annual Growth Rate (CAGR) of 10.8%, anticipating a growth of USD 151.59 billion.

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Overview of the Indian IT and BPO Services Market

Companies operating within this domain leverage cutting-edge technologies like AI, machine learning, and blockchain to provide efficient and tailored solutions to global clients. As India continues to be a prominent destination for IT and BPO services, the market remains dynamic, adapting to emerging trends and demands in the digital era.

These are some of the main services offered by the top businesses :

  • HCL Technologies Ltd. provides a range of IT and BPO services, including Hybrid Cloud Services, Digital Workplace Services, and NextGen Network Services.
  • Infosys Ltd. specializes in IT services across six sectors, including health, transport, justice, immigration, defense, and citizen services.
  • International Business Machines Corp. offers BPO services such as Finance Transformation Services and Procurement and Sourcing Services.

Delve further into the complex market dynamics and fundamental aspects highlighted in our comprehensive analysis, set to significantly influence the India - IT and BPO Services Market

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