BANGALORE: The India domestic IT and ITeS market is expected to cross the Rs 2,00,000 crore (USD 50 billion) mark in 2012 compared to Rs 90,014 crore recorded in 2007, according to IDC India.
This translates into a compounded annual growth rate (CAGR) of 18.4 per cent in the five-year period. Together with IT and ITeS exports revenue of Rs 3,20,278 crore, the total IT and ITeS industry size will grow to Rs 5,29,976 crore (USD 132 billion) by 2012, representing a CAGR of 16.5 per cent.
The Indian IT and ITeS industry grew to Rs 2,46,609 crore in calendar year 2007, up from Rs 2,01,413 crore in 2006, representing a growth of 22.4 per cent. Of the total industry size of Rs 2,46,609 crore, the domestic IT and ITeS market contributed Rs 90,014 crore, while the remaining Rs 1,56,594 crore was contributed by the IT and ITeS exports segment. In 2007, IT services (excluding ITeS) exports continued to be the biggest segment at Rs 97,492 crore.
In 2008, IDC expects the IT and ITeS industry to grow at 20 per cent, with the domestic market growing at 22.4 per cent compared to IT and ITeS export market growth of 18.9 per cent.
The overall industry is projected to be Rs 5,29,976 crore by end 2012, with the share of domestic IT and ITeS revenues adding to 40 per cent of the total, compared to the current 37 per cent.
The IT and ITeS exports market is likely to more than double to Rs 3,20,278 crore in 2012 from Rs 1,56,594 crore in 2007. In 2008, it (IT and ITeS exports segment) is expected to clock a growth of 20.4 per cent to touch Rs 1,86,142 crore, it was stated.
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