COVID-19 Impacts: IT and BPO Services Market in India Will Accelerate at a CAGR of Almost 8% Through 2020-2024|Need to Focus on Core Competencies to Boost Growth|Technavio
Technavio has been monitoring the IT and BPO services market in India and it is poised to grow by USD 83.6 billion during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled IT and BPO Services Market in India 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accenture Plc, Cognizant Technology Solutions Corp., HCL Technologies Ltd., International Business Machines Corp., Infosys (News - Alert) Ltd., Serco Group Plc, Tata Consultancy Services Ltd., Tech Mahindra Ltd., Wipro Ltd., and WNS Holdings Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The need to focus on core competencies has been instrumental in driving the growth of the market.
IT and BPO Services Market in India 2020-2024: Segmentation
IT and BPO Services Market in India is segmented as below:
IT and BPO Services Market in India 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our IT and BPO services market in India report covers the following areas:
This study identifies access to new technology, domain expertise, and round the clock service as the prime reasons driving the IT and BPO services market growth in India during the next few years.
IT and BPO Services Market in India 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the IT and BPO services market in India, including some of the vendors such as Accenture Plc, Cognizant Technology Solutions Corp., HCL Technologies Ltd., International Business Machines Corp., Infosys Ltd., Serco Group Plc, Tata Consultancy Services (News - Alert) Ltd., Tech Mahindra Ltd., Wipro Ltd., and WNS Holdings Ltd. Backed with competitive intelligence and benchmarking, our research reports on the IT and BPO services market in India are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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IT and BPO Services Market in India 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Market Segmentation by Type
Drivers, Challenges, and Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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