INFORMATION TECHNOLOGY (IT)
SECTOR
Overview
The information technology (IT) sector
includes companies that produce
software, hardware or semiconductor
equipment, and companies that provide
internet or related services.
IT Sector
Software and services
Technology hardware
and equipment
Semiconductors and
semiconductor
equipment
Major Industry Groups Within IT
Sector
Semiconductors
Technology
Software and and Examples:
hardware and
services semiconductor
equipment Companies that
equipment
give software
and services :
Internet Communicati Semiconduct Google, Facebook,
software ons or Accenture, PayPal,
and services equipment equipment Adobe, Microsoft
and Electronic Arts
(EA).
Technology Companies that
hardware, Semiconduct produce
IT services
storage and ors technology
peripherals hardware and
equipment :
Electronic Apple, HP, Dell,
equipment, Motorola,
Software instruments SanDisk…
and Companies that
components make
semiconductors
and related
Major Global Players in IT Sector
Companies Market Capitalization
#1 APPLE $3.342 T
#2 MICROSOFT $3.160 T
#3 NVIDIA $2.781 T
#4 ALPHABET (GOOGLE) $2.065 T
#5 META (FACEBOOK) $1.181 T
https://companiesmarketcap.com/tech/largest-tech-companies-
by-market-cap
Major Indian Players in IT Sector
Market Cap (billion US
Rank & IT Company dollars)
#1 Tata Consultancy Service $207.09 B
#2 Infosys $101.4 B
#3 HCL Technologies $57.33 B
#4 Wipro Limited $35.75 B
#5 LTIMindtree Ltd. $22.1 B
#6 Tech Mahindra Ltd. $19.24 B
https://www.forbesindia.com/article/explainers/top-10-it-companies-in-india
INDIAN IT SECTOR
• According to the National Export Revenue FY23
Association of Software and
Service Companies (NASSCOM), 24%
the Indian IT industry’s revenue 54%
touched US$ 227 billion in FY22, 22%
a 15.5% YoY growth
• IT & BPM sector has emerged as IT Services BPM
one of India's most important E R&D and software prdts.
economic drivers
• FY23, the IT sector contributed
7.5% of India's GDP, and by Export Revenue FY23
2025, it is anticipated to make up 2%
8%
10% of India's GDP. 11%
• India's IT industry is likely to hit the 17% 62%
US$ 350 billion mark by 2026 .
• India’s IT export revenue rose
by 9% in constant currency terms USA UK
to US$ 194 billion in FY23 Continental Europe APAC
Others
https://www.ibef.org/industry/information-technology-india
INDIAN IT SECTOR
• According to a report published by Microsoft,
consultancy firm Bain & Co, and industry body
Internet and Mobile Association of India (IAMAI),
India produces 16% of the entire world’s AI
talent pool – the third highest in the world.
• The IT industry added 2.9 lakh new jobs taking
the industry’s workforce tally to 5.4 million
people in FY23.
Employment of the IT-BPM industry in India
2023-24 5.43
2022-23 5.37
2021-22 5.1
2020-21 4.47
2019-20 4.36
0 1 2 3 4 5 6
Number of employees in millions
https://www.ibef.org/industry/information-
technology-india
https://www.meity.gov.in/content/employment
TRENDS
• Cloud Computing: using an online service
• Generative AI :
• Collectively trained over 775,000 employees by
the end of 2023-24
• According to an analysis of GenAI-trained
workforce of leading companies in India in this
sector.
• Cybersecurity Technology
https://www.business-standard.com/industry/news
https://azure.microsoft.com/en-in/resources
CHALLENGES
• Reckoning with regulations for the
tech industry
• Ensure data protection
• Ethical use of AI
• Commitment to sustainability goals
• Interconnected nature of the tech
industry heightens the risk of
disruptions
• Geopolitical unrest.
• New regulations and policies.
• E.g.- Microsoft Outage, Huawei Ban.
THANK YOU
