Abhay currently works as a Senior Software Engineer for a product development firm -- AEGIS.net, Inc. -- based in Rockville, Maryland, USA. Abhay enjoys exploring / using / adding to the bright ideas from open source software towards varied business domains. He has also written numerous online technical articles and worked remotely with McGraw Hill Publishing Group for over a year. When not working, he loves to spend a big chunk of his time with his two little kids, and on tennis court whenever possible. Abhay has posted 21 posts at DZone. You can read more from them at their website. View Full User Profile

Indian service providers accounted for 1.9% of the total US $672 billion IT services market in 2006.

02.15.2008
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Gartner Inc, in a new research report, stated that the top six India-centric offshore service providers accounted for 1.9 percent of the total US $672 billion IT services market in 2006, compared to 0.5 percent of the US $554 billion IT services market in 2001.

The service provider companies are collectively referred to as SWITCH companies. These companies are:

  • TCS
  • Infosys
  • Wipro
  • Cognizant
  • Satyam
  • HCL Technologies

The URL to the report at Gartner is: http://www.gartner.com/it/page.jsp?id=526008.

Analyzing for example, the revenue growth of the leading global and Indian provider in 2006, it can be seen that despite IBM’s $48 billion total IT service revenue, its dollar growth year over year was less than $1 billion. TCS on the other hand increased its revenues by over $1.2 billion in 2006, and achieved this increase from a revenue base 1/18th of IBM’s size.

Nevertheless, while these six leading India-centric providers are enjoying strong growth rates, it would still take them a number of years to challenge the top service providers or appear among the top three market share leader roles — unless they make a major acquisition.

Published at DZone with permission of its author, Abhay Bakshi.

(Note: Opinions expressed in this article and its replies are the opinions of their respective authors and not those of DZone, Inc.)