Although India's GDP growth has shrunk in the first half of 2017, the country's "Digital Transformation initiatives" and the modernization of its core IT systems such as banking, manufacturing and telecommunications are all expected to make up for India's GDP growth Insufficient for the country's IT services market to add luster, enhance economic growth.
IDC divides the IT services market into three broad categories, including Outsourcing, Project Oriented and Support and Training etc. In the first half of 2017, Scenario-oriented services included the IT services market 38.9%, followed by 37.8% of outsourcing; support and training accounted for 23.0% of the ratio.
Jaimadhav Senapati, a market analyst at IDC India, said demand for systems integration and infrastructure infrastructure was booming in the first half of 2017 due to the fact that many SMEs in the country had to meet the Indian government's GST specifications.
In the first half of 2017, the system integration market continued to lead the lead in program-oriented services, a strong demand craze for upgrading core infrastructure (such as core banking and ERP systems) by banks, insurance companies, manufacturing and telecom operators , A lot of money invested.
According to IDC's assessment, CAGR in the IT services market will reach 9.6% by 2021 and reach a level of 13.4 billion U.S. dollars. Sandeep Kumar Sharma, Research Manager for Software and Services at IDC India, said that over the next three to four years In the digital and digital transformation spending will lead the growth of IT services market cloud, information management and network security will be the three pillar of growth during this period.Companies will make good use of technology to achieve business goals.