IT, business services market to reach $14.3 bn by 2020

Government's higher spending on Digital India and Smart Cities initiatives, and adoption of next-gen technologies is driving growth in IT services market, said research firm IDC

$14.3 bn – IT and business services market likely to grow by 2020

$13.1 bn – IT and business services markets to reach by this year-end

76% – IT services segment's contribution of the total market in second half of 2018

$10 bn – IT services market slated to reach by December

$14 bn – IT services market estimated to reach by end of 2023

The other emerging verticals which are expected to adopt IT Services and futuristic technologies more aggressively in the next 3-5 years are the manufacturing, retail, healthcare and education verticals," 
— Ranganath Sadasiva, IDC India director enterprise solutions