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flag 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.

flag India's IT services market grew 6.1% year-over-year in 2023, reaching $14.5 billion, as reported by IDC. flag 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. flag Key sectors include government, telecom, and manufacturing. flag Companies are focusing on analytics and automation, with an initial emphasis on business-specific AI applications before expanding to industry-specific uses.

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