ICT Sector Services
ian IT (and ITeS) industry is expected to touch USD 350 billion and is going to be a key enabler in India’s ambition of becoming a USD 1 trillion economy.
In the last 25 years, India has witnessed a telecom revolution. India’s telecom market is valued at USD 220 billion with over a billion active mobile users.
India has seen explosive growth in the internet market following the Reliance Jio entrance in 2016. Jio pioneered the concept of low-cost data services for Indians. This was also a time, marked by the flux of low-cost smartphones in India, thereby furthering the growth of internet penetration in the country.
Currently, the aggregate internet users in India is estimated to be more than 500 million. In 2019, for the first-time rural internet users outnumbered their urban counterpart, thereby bridging the urban-rural divide. The government’s rising focus on digitization of government services and programs such as Digital India also played a vital role in the expansion of the internet in India.
The Future of the ICT Industry
Indian IT sector is well poised for steady growth on the back of heightened global demand for AI & machine learning, cloud-based platforms, remote working software, automation, etc. Similarly, as organizations worldwide have accelerated their push towards digitization, more opportunities will unlock for Indian IT companies.
India is expected to deepen its foothold in the global data analytics industry. The analytics industry in India, which was valued at USD 2 billion in 2016, is expected to reach USD 16 billion by 2025, contributing 32% of the global market.
The traditional boundaries between technology, telecom, and media will continue to blur. Increasingly telecom companies will focus on developing larger media ecosystems and offer value-added services besides voice & data.
The current COVID crisis has chronicled a new era in digital commerce in India. Online commerce would not just be limited to larger metros but also tier 2 & 3 cities and semi-urban corridors. This is one of the major reasons, major global tech giants are pouring in billions of money in India. The growth in e-commerce will also be stemmed by young demographics, as two-thirds of Indians are aged below 35.
How India Watch can Help
India watch can offer customized research that can render a lot of insights into the current ICT market, consumer behavior, pricing strategy, distribution structure, competitive landscape, regulatory framework, & much more. Our tailor-made research can help international & domestic companies to make informed business decisions about their growth and expansion in India.
On a retainer basis, we can work as your research partner and offer timely data and insights on the technological landscape of India, current market trends, major policy shifts, etc.
We can offer strategic communication services comprising of white papers, corporate presentations, thematic reports, etc.
We can offer insights on the latest tenders and other relevant market opportunity assessment
We can offer a feasibility study and business plan services for new start-ups and tech-enabled entrepreneurial ventures. It can help companies and investors to test the feasibility of their business idea. Our research services can be useful in fundraising as well.
For further information, feel free to drop us a mail at [email protected]
