Global IT Services, per IBEF, IMARC Group, SNS Insider, Maximize Market Research, NASSCOM, Gartner, Mar 2026 (independent research).
Source: IBEF, IMARC Group, SNS Insider, Maximize Market Research, NASSCOM, Gartner, Mar 2026 [1]
Global real GDP growth is projected at 3.9% in 2026 and 4.2% in 2027. World trade volume growth is expected to decline to 2.8% in 2026 before rising to 3.8% in 2027. India's economy continues to be domestic demand-driven with consumption and investment contributing 70% of economic activity. Real GDP growth is estimated at 7.4% in FY 2025-26, supported by manufacturing, services, and infrastructure expansion. HSBC India Manufacturing PMI stood at 53.9 in March 2026, and Index of Industrial Production (IIP) grew by 4.1% year-on-year in March 2026. [1]
| Figure | Period | Value |
|---|---|---|
| India Real GDP Growth Estimate [1] | FY2026 | 7.4% estimate |
| India HSBC Manufacturing PMI Index [1] | March 2026 | 53.9 estimate |
| India IIP Growth Rate [1] | March 2026 | 4.1% estimate |
| India Fiscal Deficit [1] | 2026 | 4.3% estimate |
| Global Real GDP Growth Forecast [1] | 2026 | 3.9% forecast |
The India Networking Market size was valued at USD 114.07 million in 2023 and is expected to expand at a CAGR of 18.6% from 2024 to 2030, reaching USD 376.50 million by 2030. Ethernet switches held the largest market share in 2023, valued at USD 148.1 million with a 24.2% YoY growth rate. Cisco led the Ethernet switch market with a 60.7% share. Demand is further accelerated by data center expansion, with capacity breaching 1 GW in 2024 and projected to reach 1.8 GW by 2027 and over 4.5 GW by 2030. [1]
| Figure | Period | Value |
|---|---|---|
| India Networking Market Size [1] | 2023 | US$114.07 million |
| India Networking Market Projected Size [1] | 2030 | US$376.5 million forecast |
| India Networking Market CAGR [1] | 2024–2030 | 18.6% forecast |
| India Ethernet Switch Market Value [1] | 2023 | US$148.1 million |
| Cisco Share in India Ethernet Switch Market [1] | 2023 | 60.7% |
| India Data Center Projected Capacity [1] | 2027 | 1.8 GW forecast |
| India Data Center Projected Capacity by 2030 [1] | 2030 | 4.5 GW forecast |
The Global IT Services Market size was valued at USD 1.50 trillion in 2025. The market is projected to reach USD 2.85 trillion by 2033, expanding at a CAGR of 8.35% between 2026 and 2033. Proactive IT services held a 58.5% market share in 2025, while Operations & Maintenance represented 54.1% of the market. Systems & Network Management dominated by application with a 47.8% share in 2025. Cloud-based deployment held a 61.3% share in 2025. Key growth drivers include rising cloud adoption, digital transformation projects, AIOps, and demand for cybersecurity. [1]
| Figure | Period | Value |
|---|---|---|
| Global IT Services Market Size [1] | 2025 | US$1.5 trillion |
| Global IT Services Market Projected Size [1] | 2033 | US$2.85 trillion forecast |
| Global IT Services Market CAGR [1] | 2026–2033 | 8.35% forecast |
| Proactive IT Services Share [1] | 2025 | 58.5% |
| Operations and Maintenance Share [1] | 2025 | 54.1% |
| Systems and Network Management Share [1] | 2025 | 47.8% |
| Cloud-based Deployment Share [1] | 2025 | 61.3% |
The global Network as a Service (NaaS) market size was valued at USD 24.0 billion in 2024 and is estimated to reach USD 185.0 billion by 2033, exhibiting a CAGR of 25.5% from 2025 to 2033. North America dominated the market with a 41.4% share in 2024. WAN-as-a-Service led by type with 66.2% market share, while cloud-based services led applications with 23.9% share. IT and telecom constituted the largest end-use industry with a 25.8% market share. [1]
India's IT industry revenue reached an estimated USD 283 billion (Rs. 24,29,838 crore) in FY25, up from USD 118 billion in FY15, with exports accounting for USD 224 billion. The industry is projected to hit USD 350 billion by 2026, contributing 10% to India's GDP, and double to USD 500 billion (Rs. 43,10,000 crore) by 2030. India's IT spending is projected to rise 11.1% YoY to USD 161.5 billion in 2025. Computer software and hardware attracted USD 110.70 billion (Rs. 7,84,971 crore) in cumulative FDI inflows between April 2000 and March 2025, accounting for 15.19% of total FDI equity inflows. [1]
| Figure | Period | Value |
|---|---|---|
| Global NaaS Market Size [1] | 2024 | US$24 billion |
| Global NaaS Market Projected Size [1] | 2033 | US$185 billion forecast |
| Global NaaS Market CAGR [1] | 2025–2033 | 25.5% forecast |
| North America NaaS Market Share [1] | 2024 | 41.4% |
| WAN-as-a-Service Segment Share [1] | 2024 | 66.2% |
| IT and Telecom End-Use Segment Share [1] | 2024 | 25.8% |
| India IT Industry Revenue [1] | FY2025 | US$283 billion |
| India IT Industry Export Revenue [1] | FY2025 | US$224 billion |
| India Projected IT Industry Revenue [1] | 2026 | US$350 billion forecast |
| India IT Industry Target Revenue by 2030 [1] | 2030 | US$500 billion forecast |
| India Projected IT Spending [1] | 2025 | US$161.5 billion forecast |
| Cumulative FDI in Computer Software and Hardware [1] | 2000–2025 | US$110.7 billion |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Overview | India Real GDP Growth Estimate [1] | FY2026 | 7.4% estimate |
| Overview | India HSBC Manufacturing PMI Index [1] | March 2026 | 53.9 estimate |
| Overview | India IIP Growth Rate [1] | March 2026 | 4.1% estimate |
| Overview | India Fiscal Deficit [1] | 2026 | 4.3% estimate |
| Overview | Global Real GDP Growth Forecast [1] | 2026 | 3.9% forecast |
| Market size and growth | India Networking Market Size [1] | 2023 | US$114.07 million |
| Market size and growth | India Networking Market Projected Size [1] | 2030 | US$376.5 million forecast |
| Market size and growth | India Networking Market CAGR [1] | 2024–2030 | 18.6% forecast |
| Market size and growth | India Ethernet Switch Market Value [1] | 2023 | US$148.1 million |
| Market size and growth | Cisco Share in India Ethernet Switch Market [1] | 2023 | 60.7% |
| Market size and growth | India Data Center Projected Capacity [1] | 2027 | 1.8 GW forecast |
| Market size and growth | India Data Center Projected Capacity by 2030 [1] | 2030 | 4.5 GW forecast |
| Technology | Global IT Services Market Size [1] | 2025 | US$1.5 trillion |
| Technology | Global IT Services Market Projected Size [1] | 2033 | US$2.85 trillion forecast |
| Technology | Global IT Services Market CAGR [1] | 2026–2033 | 8.35% forecast |
| Technology | Proactive IT Services Share [1] | 2025 | 58.5% |
| Technology | Operations and Maintenance Share [1] | 2025 | 54.1% |
| Technology | Systems and Network Management Share [1] | 2025 | 47.8% |
| Technology | Cloud-based Deployment Share [1] | 2025 | 61.3% |
| Other | Global NaaS Market Size [1] | 2024 | US$24 billion |
| Other | Global NaaS Market Projected Size [1] | 2033 | US$185 billion forecast |
| Other | Global NaaS Market CAGR [1] | 2025–2033 | 25.5% forecast |
| Other | North America NaaS Market Share [1] | 2024 | 41.4% |
| Other | WAN-as-a-Service Segment Share [1] | 2024 | 66.2% |
| Other | IT and Telecom End-Use Segment Share [1] | 2024 | 25.8% |
| Other | India IT Industry Revenue [1] | FY2025 | US$283 billion |
| Other | India IT Industry Export Revenue [1] | FY2025 | US$224 billion |
| Other | India Projected IT Industry Revenue [1] | 2026 | US$350 billion forecast |
| Other | India IT Industry Target Revenue by 2030 [1] | 2030 | US$500 billion forecast |
| Other | India Projected IT Spending [1] | 2025 | US$161.5 billion forecast |
| Other | Cumulative FDI in Computer Software and Hardware [1] | 2000–2025 | US$110.7 billion |
According to IBEF, IMARC Group, SNS Insider, Maximize Market Research, NASSCOM, Gartner (March 2026), the global it services market was US$1.5 trillion in 2025.
IBEF, IMARC Group, SNS Insider, Maximize Market Research, NASSCOM, Gartner projects continued growth, a growth rate of 8.35% a year over 2026–2033. Forecasts are the source's, not FinMinutes'.
Built from 1 source: 1 independent research. Each figure carries its source number, which links to the full source list with dates and page references.
Figures are quoted from the sources listed above, with their dates and page references. They are not FinMinutes estimates and are not a recommendation about any security. All industries →