India's IT services market grows 6.1% to $14.5B, with acceleration expected in 2024 driven by digital transformation, AI, GenAI, and enhanced security.

India's IT services market grew 6.1% year-over-year in 2023, reaching $14.5 billion, as reported by IDC. Despite a slower recovery in IT investments, growth is expected to accelerate in 2024, driven by digital transformation, AI, GenAI solutions, and enhanced security measures. Key sectors include government, telecom, and manufacturing. Companies are focusing on analytics and automation, with an initial emphasis on business-specific AI applications before expanding to industry-specific uses.

October 28, 2024
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