India IT Outsourcing Market Outlook Report 2020 (Business Opportunities - Advertising Service)

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India IT Outsourcing Market Outlook Report 2020


Market Reports on India Provides the Trending Market Research Report “IT Outsourcing Market in India 2020”under Information Technology Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

The IT Outsourcing Market in India is segmented into IT services and packaged software. The market was dominated by the IT services segment, which accounted for 89.70% share of the market revenue in FY 2019. Increased demand for infrastructure service and Cloud service outsourcing contributed to the large share of this segment.

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Impact of COVID-19:
The COVID-19 pandemic has led to an unprecedented economic turmoil across the world and the IT outsourcing market in India is not expected to be resilient to its impact. Global business are likely to trim down their IT budget as part of their cost-cutting strategies. Stringent measures taken by enterprises to reduce discretionary spending are projected to affect the conversion of new deals in pipeline, assignment of new contracts and delay contract renewals. On the other hand, existing projects are likely to face a reduction in billable employees, affecting price negotiations. However, as enterprises focus on business continuity plans (BCP) for remote working, the demand for Cloud infrastructure services and security software is expected to pick up.

Competitive landscape
The IT outsourcing market in India is led by established players, collectively accounting for more than 50% revenue share of the market. These players provide a comprehensive range of services and solutions to their huge customer base present across the globe. In addition to these large players, the market has a significant presence of numerous mid-level, emerging, and small players. The leading IT companies in India have been focusing on strengthening their digital capabilities through inorganic growth strategies. Companies like Infosys Limited, Wipro Limited, Tata Consultancy Services Limited and HCL Technologies Limited have acquired start-ups and niche players with exclusive capabilities in digital technologies.

Companies covered

HCL Technologies Limited
Hexaware Technologies Limited
Infosys Limited
Larsen & Toubro Infotech Limited
Mindtree Limited
Mphasis Limited
Tata Consultancy Services Limited
Tech Mahindra Limited
Wipro Limited
Zensar Technologies Limited
Browse our full report with Table of Content : http://www.marketreportsonindia.com/marketreports/it-outsourcing-market-in-india-2020/2060030

About Market Reports on India:
Market Reports on India is an excellent source to obtain top quality market research reports that helps you to understand the business in the Indian market. We cover various industries, identifying and understanding key macro and micro-economic trends, insights and futuristic growth opportunities. To help achieve all this and more, Market Reports on India is the answer to all your business needs.

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Market Reports on India
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Last Update : Jul 20, 2020
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