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Indian IT services to touch US$ 14.2 billion by 2020

According to International Data Corporation’s (IDC) semi-annual services tracker, India IT and business services market is likely to grow 6.9% annually to US$ 13.3 billion by December this year. The semi-annual services tracker anticipates that the IT Services market will grow at a compounded annual growth rate (CAGR) of 8.2% between 2019 and 2023, to be valued at US$ 14 billion by the end of 2023. Due to the shift towards modernised infrastructure and applications, the highest revenue-generating segment in the IT services market continued to be systems integration in the first half, as per the firm.