IBM, Wipro, TCS lead India IT services mkt: survey

NEW DELHI, INDIA: Springboard Research, an IT market research and advisory firm, recently released its survey report 'India IT Services, Competing for Tomorrow’s Market', which stated that the top 10 vendors cornered a 39 per cent share in the competitive and highly fragmented US$4.8 billion (INR 213 billion) Indian IT services market in 2008.

According to the report, the top three players,IBM, Wipro and TCS, took up a quarter share of the US$4.8 billion market, while the top ten ranking had many players with near 1per cent market share, said a press release.

In terms of growth, Wipro led the established services vendors with an over 43 per cent growth in 2008 over the previous year. While Satyam and HCL Infosystems registered second and third highest growth rates respectively, both growing well above the overall market growth rate of 18.6 per cent, it added.

“The overall market showed clear preference for vendors with end-to-end services portfolio, execution capabilities and the ability to combine software, hardware and consultancy,” said Sudip Saha, research analyst for IT Services at Springboard Research.

“Big multinational players leveraged their ability to invest to corner a major chunk of the infrastructure outsourcing market, while large Indian vendors proved their mettle in the systems integration and application development markets,” Saha added.

The Springboard Research report provides a competitive vendor overview, along with a comprehensive background of IT services market dynamics in India.

The report is designed to help vendors address market opportunities more successfully and identify the competitive environment, and position themselves and their competitors in the most appropriate manner, the release added.