India ICT Industry Overview
The Intensity of competitive rivalry is expected to be high in the Indian ICT market, as several key players in the ICT market are constantly trying to bring advancements. A few prominent companies are entering into collaborations and are expanding their footprints in developing regions to consolidate their positions in the market. The major players are Tata Communications, HCL Technologies, and Infosys Limited, among many others.
In June 2023, Tata Consultancy Services announced the launch of the Google Cloud Data Market Platform for TCS Dexam. The platform allows enterprises to make data freely available and monetize it across ecosystems. Businesses need efficient and secure data-sharing mechanisms to form collaborative ecosystems that create new products and services available to their customers. The TCS Dexam ensures compliance with the Data Protection, Authorisation, and Security Regulations, as well as a smooth exchange of data between enterprises and their ecosystem partners.
In June 2023, Infosys Limited signed a strategic collaboration with Danske Bank. This collaboration will help Danske Bank achieve its strategic priorities towards better customer experiences, operational excellence, and a modernized technology landscape powered by next-gen solutions. Infosys will also acquire Danske Bank's IT center in India, where over 1,400 professionals are employed in this collaboration. With its global expertise and industry solutions, Infosys will accelerate the bank's digital agenda by significantly enhancing its IT operations and capabilities, powered by Infosys Topaz, an AI-first set of services, solutions, and platforms, experience design, and services that support operations.
India ICT Market Leaders
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Tata Consultancy Services Limited
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HCL Technologies
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Infosys Limited
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Tech Mahindra Ltd
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Wipro Limited
- *Disclaimer: Major Players sorted in no particular order
