India Digital Transformation Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

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The offering segment of the Indian digital transformation market is bifurcated into solution and service.

The offering segment of the Indian digital transformation market is bifurcated into solution and service. Between the two, the services category is projected to exhibit the fastest growth in the foreseeable future, on account of the increasing number of digital initiatives by the government, hefty foreign direct investment (FDI) inflows, and easy availability of low-cost and highly skilled manpower.

The government initiatives like Digital India and Smart Cities are creating lucrative opportunities for service sectors such as energy, communication, technology, healthcare, and banking.  According to PS Intelligence, South India has witnessed the fastest digital transformation, owing to the presence of major IT hubs in the country. The leading IT hubs, such as Chennai, Kochi, Bengaluru, Mysuru, Mangalore, and Trivandrum, are present in southern part of India, owing to which this region has been observing a rapid transformation.

South India has also been successful in implementing several technological and industrial initiatives, on account of the harmonious industrial relations with conglomerates and robust economic growth. Currently, the Indian digital transformation market is dominated by key players such as International Business Machine (IBM) Corporation, Kellton Tech Solutions Ltd., and Infosys Ltd.

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These industry leaders are primarily focusing on content differentiation and customization to surpass the profit of other players like Sasken Technologies Ltd., Datamatics Global Services Ltd., Dell Technologies Inc., Microsoft Corporation, Clarion Technologies Inc., Accenture plc., Tata Consultancy Services Ltd., Cognizant Technology Solutions Corporation, Mindtree Ltd., HCL Technologies Ltd., Tech Mahindra Ltd., and Cisco Systems Inc.

Thus, the penetration of new-age technologies, such as AI and IoT, are playing a pivotal role in the digital transformation of India. With the escalating focus on customer satisfaction and improved products and services, the end-use industries in the country are focusing on deploying digital solutions in daily operations.

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