Indian IT Services Market Growth

The IT services market in India is projected to grow at a healthy CAGR over the next few years according to a study by SpringBoard research

Indian IT Service market in 2008-2009 : $5.7 billion
Indian IT Service market in 2012-2013 : $12.8 billion (projected)
Annual CAGR : 18.6%

Big Players
Infrastructure management services : 18.1% CAGR
Application Services : 19.6% CAGR
IT Consulting services : 16.4% CAGR

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1 IT Spending In 2010 — Tech Crunchies – Internet Statistics and Numbers { 01.26.10 at 4:44 am }

[...] IT spending by enterprises is expected to see a revival this year following last year’s decline. However, IT spending of the 2008 levels is not expected to happen till next year. Here are some number forecast for 2010 by Gartner [...]

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