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New Delhi June 22, 2009 –
Indian IT/ITeS industry is expected to grow at 13.9% (CAGR 2008-13) to touch INR 534,479 Crore (over US$ 110 Billion) in 2013; with the domestic market growing at a slightly higher 15.8% (CAGR 2008-13) to report revenues of Rs. 2,06,398 crore as against export revenues of Rs. 3,28,081 crore, a growth of 12.7% (CAGR 2008-13), according to IT advisory firm IDC estimates
In 2009, the overall India IT/ ITeS industry is expected to grow at 10.8%, to touch INR 3,09,573 Crore (over US$ 64 Billion). The domestic market is estimated to grow at 10.2%, to touch INR 1,09,406 Crore (over US$ 22 Billion) and at the same time, exports are expected to grow at 11.2% to cross INR 2,00,000 Crore (over US$ 41 Billion).
These projections were made by IDC India on the occasion of the launch of their annual briefing session for the ICT industry, Directions.
“Though there are certain signs of a revival happening in the domestic arena, the spending may not begin to increase just yet. IT spending behaviour would remain conservative throughout 2009 due to uncertainty in the economic environment. The hardware market will remain under pressure through the year, while the software and IT services markets will also be affected, though to a comparatively lesser extent”, IDC India Country Manager Kapil Dev Singh said.
Table 1: India IT/ ITeS Industry Size and Growth Rate, 2008-13
Market Size
(INR Crore) |
2008 |
2009 |
2010 |
2013 |
CAGR 2008-13 (%) |
| 1. Domestic Hardware & Others |
57,690 |
58,967 |
67,041 |
98,816 |
11.4% |
| 2. Domestic IT Services/IT-enabled Services (ITeS) |
31,416 |
38,984 |
47,191 |
86,517 |
22.5% |
| 3. Domestic Packaged Software |
10,147 |
11,454 |
13,064 |
21,065 |
15.7% |
| A. Total Domestic IT/ITeS Revenue (1+2+3) |
99,254 |
1,09,406 |
1,27,297 |
2,06,398 |
15.8% |
| B. IT/ITeS Exports Revenue |
1,80,064 |
2,00,168 |
2,21,122 |
3,28,081 |
12.7% |
| C. Total India IT/ITeS Industry Revenue (A+B) |
2,79,319 |
3,09,573 |
3,48,419 |
5,34,479 |
13.9% |
Source: IDC India, 2009
New Age’ Services and Solutions Set to Emerge in 2009-10 and Beyond
“The share of IT Services and IT-enabled Services (ITeS) in the India domestic market is expected to rise from 31.7% in 2008 to 41.9% in 2013, signalling the increasing focus of enterprises to ‘leverage’ the capacities built-up,” added Mr. Singh.
The domestic IT and ITeS market growth projection for the period 2008-13 is expected to moderate to 15.8%, as against the average annual growth of 25% recorded during 2003-08. This signals the onset of a new phase of growth, Growth Phase 2.0. This phase of growth will see IT vendors helping enterprises design and deliver ‘new age’ services to their customers by leveraging the existing IT infrastructure.
For media inquiries, please contact:
Sanjiv Kataria
Strategic Communications & PR
+91-9810048095
sanjiv.kataria@gmail.com
Vishaal Bhatnagar
Associate Vice President, IDC India
+91-9810191634
vbhatnagar@idcindia.com
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