Desi IT companies double market share to 28% in 10 years

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Bengaluru: India-headquartered IT companies companies have doubled income market share from 13.9% in 2010-2011 to 28% in the 2021 fiscal, whereas the share of foreign-headquartered companies (Accenture, IBM, DXC, Atos, Capgemini and Cognizant) shrunk from 86% to 72% throughout the interval. The cumulative income of the foreign-headquartered companies in the final decade grew to $151.6 billion from $148.8 billion, whereas revenues of India-headquartered companies rose to $59.3 billion from $24.1 billion.

The information is from HDFC Securities, which regarded on the main international gamers. Within the foreign-headquartered group, there have been broadly divergent performances. While IBM and DXC noticed steep declines in their revenues and income shares, Accenture and Cognizant did very properly. In the India-headquartered group,

, HCL and greater than doubled their income shares, whereas ’s share went up to 6.1% from 3.5%.

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Indian IT companies have been gaining market share for many years now. They have been fast to adapt to the tectonic shift from mainframes by consumer server to cell functions and the cloud native period.

They pioneered the worldwide supply mannequin, and have massively grown their Fortune 1000 consumer base.

TCS had 48 purchasers on the finish of the final fiscal who introduced in an annual income of greater than $100 million every, up from simply 8 in 2010-11. Infosys now has 28 such purchasers, up from 11 a decade in the past.

HDFC Securities deputy VP (research-institutional equities) Apurva Prasad mentioned, whereas the final 10 years have seen a number of development waves, broadly these have been pushed by market growth in Europe (continental), mining massive accounts, execution excellence supported by sturdy supply capabilities, and venture administration framework.

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