IBM is the largest vendor for Indian IT services with a market share of 10.8%
Aint that a real shocker? At least to me it is. I know that IBM was the first and foremost vendor delivering hardware and software in India since the time of Rajiv Gandhi. It had a head start. But, is that head start just too much for the Indian IT to catch up. This in spite of India being home to 6 of the top 8 outsourcing destinations.
Indian IT services market is estimated to be at $4.8 billion dollar. This is the not the software exports by Indian IT services which will be close to $50 bn per year. $4.8 billion is really less for a country this big.
Wipro is closing the gap with IBM. It is 2 percentage points behind. It has seen a explosive growth in 2008 alone with 43% increase in revenues over 2007. TCS’s revenues for the next 2 years will be something to watch out as it had bagged multiple multi-crore contracts.
Ironic thing is Infosys does not even feature in the list of 8. Is this a sign of gross neglect on Indian IT or Indian IT isn’t that big a deal? I see Satyam in the list which is a good thing. At least it has its name in one right place.
Top 8 Vendors for Indian IT :
- IBM – 10.8%
- Wipro – 8.7%
- TCS – 6.1%
- Siemens Information Systems Limited
I am not saying, Buy American or Buy Indian, but shouldn’t Indian IT vendors know India better? (source)
PS : I could not get the percentage shares for all other companies in any of the sources as this news is relatively fresh. I will tryÂ updating this post if something becomes available.