It Services, per Industry report in the offer document of Xtranet Technologies (commissioned by a company).
The Indian IT and ITeS industry is undergoing rapid expansion, fueled by widespread digital transformation, robust digital public infrastructure (DPI), and increased government technology spending on e-governance and smart cities. India's IT sector is pivotal globally, characterized by significant shifts toward cloud migration, AI/ML adoption, and managed IT infrastructure services. However, the sector is highly competitive and tender-driven, with strict eligibility criteria and continuous need for technological upskilling to maintain margins against established mid-sized and large IT service providers. [1]
| Figure | Period | Value |
|---|---|---|
| Market size [1] | FY2026 | 30,828 |
| Market CAGR [1] | FY2026–FY2031 | 6.9% forecast |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Market size and growth | Market size [1] | FY2026 | 30,828 |
| Market size and growth | Market CAGR [1] | FY2026–FY2031 | 6.9% forecast |
According to an industry report in Xtranet Technologies' offer document, the it services market was 30,828 in FY2026.
An industry report in Xtranet Technologies' offer document projects continued growth, a growth rate of 6.9% a year over FY2026–FY2031. Forecasts are the source's, not FinMinutes'.
Built from 1 source: 1 company-commissioned report. 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 →