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    India IT Service Management Market

    ID: MRFR/ICT/54101-HCR
    200 Pages
    Aarti Dhapte
    October 2025

    India IT Service Management Market Research Report By Service Type (Incident Management, Problem Management, Change Management, Service Request Management, Configuration Management), By Deployment Type (On-Premises, Cloud-Based, Hybrid), By Industry (IT and Telecommunications, BFSI, Healthcare, Retail, Manufacturing) and By Organization Size (Small Enterprises, Medium Enterprises, Large Enterprises)-Forecast to 2035

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    India IT Service Management Market Summary

    The India IT Service Management market is projected to grow from 2.5 USD Billion in 2024 to 5.25 USD Billion by 2035, reflecting a robust growth trajectory.

    Key Market Trends & Highlights

    India IT Service Management Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate (CAGR) of 6.98% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 5.25 USD Billion, indicating substantial growth opportunities.
    • In 2024, the market is valued at 2.5 USD Billion, laying a strong foundation for future expansion.
    • Growing adoption of cloud computing due to increasing demand for efficient IT operations is a major market driver.

    Market Size & Forecast

    2024 Market Size 2.5 (USD Billion)
    2035 Market Size 5.25 (USD Billion)
    CAGR (2025-2035) 6.98%

    Major Players

    HCL Technologies, Larsen & Toubro Infotech, Zensar Technologies, Cognizant, Wipro, Capgemini, Tech Mahindra, Tata Consultancy Services, Accenture, Mastek, Mindtree, Infosys, IBM, Persistent Systems, Oracle

    India IT Service Management Market Trends

    The India IT Service Management Market is experiencing several significant trends shaped by the evolving demands of businesses and the technological landscape. A key driver of this growth is the rapid digital transformation initiatives adopted by Indian companies across various sectors.

    Organizations are increasingly focusing on enhancing their IT service efficiency, which is spurred by the government's Digital India initiative. This program promotes the use of technology to improve service delivery and encourages businesses to upgrade their IT management capabilities.

    The increasing demand for effective IT management solutions presents opportunities for market participants to capture a share of the market, as well as the trend toward remote work and the necessity for agile IT services. In the realm of IT service management, there has been a discernible shift toward automation and self-service in recent years. Organizations in India are increasingly utilizing automated systems to manage routine IT tasks, thereby decreasing their dependence on manual processes.

    This change not only enhances operational efficiency but also guarantees quicker service request responses. Additionally, there is an increasing emphasis on the customer experience, as businesses are seeking to implement IT service management solutions that prioritize user engagement and satisfaction. This trend suggests a more extensive trend of aligning IT services with the overarching business objectives, emphasizing the evolving landscape of IT service management in India.

        

    Market Segment Insights

    India IT Service Management Market Segment Insights

    India IT Service Management Market Segment Insights

    IT Service Management Market Service Type Insights

    IT Service Management Market Service Type Insights

    The India IT Service Management Market is witnessing a robust progression, particularly within the Service Type segment, which plays a critical role in shaping the overall market dynamics. With a keen focus on enhancing operational efficiency and aligning IT services with business objectives, various processes are included in this segment, namely Incident Management, Problem Management, Change Management, Service Request Management, and Configuration Management.

    Incident Management stands out as a vital component, addressing unforeseen disruptions in service delivery. It's essential for minimizing downtime and ensuring business continuity, making it a cornerstone for organizations in India striving to maintain competitive advantage.

    On the other hand, Problem Management delves deeper by identifying the root causes of incidents and preventing future occurrences. This proactive approach significantly reduces service interruptions and contributes to higher customer satisfaction levels.Change Management is another key aspect, facilitating seamless modifications to IT infrastructure while ensuring minimal disruption to ongoing operations.

    Given the rapid growth of technology in India, employing effective change management strategies is crucial for organizations to remain agile and responsive to market demands. Service Request Management fosters a streamlined process for end-users to request IT services, ensuring their needs are met promptly and efficiently, which is vital in today's fast-paced business environment.Configuration Management plays an equally important role, providing comprehensive oversight of IT assets and their interrelationships.

    IT Service Management Market Deployment Type Insights

    IT Service Management Market Deployment Type Insights

    The India IT Service Management Market is experiencing notable growth, particularly within the Deployment Type segment, which includes On-Premises, Cloud-Based, and Hybrid solutions. On-Premises deployment remains significant as many organizations in India prefer to maintain control over their IT infrastructure, particularly in sectors such as banking and finance where data security is critical.

    Conversely, the Cloud-Based model is rapidly gaining traction, driven by the increasing adoption of digital transformation initiatives among businesses, enabling flexibility and scalability in operations.The Hybrid deployment approach is particularly appealing for companies seeking a balanced solution that combines the control of on-premises systems with the scalability of cloud services, thereby allowing for a tailored mix to meet varying business needs.

    The growing demand for remote working solutions, accelerated by recent global developments, is further propelling the adoption of these deployment types. As businesses in India prioritize cost efficiency and enhanced service management capabilities, the IT Service Management Market segmentation in this area is expected to continue expanding, providing robust opportunities for innovation and growth within the industry.

    IT Service Management Market Industry Insights

    IT Service Management Market Industry Insights

    The India IT Service Management Market industry demonstrates promising growth potential across various sectors, reflecting the robust expansion of the country's digital landscape. The IT and Telecommunications segment is particularly vital, as the demand for seamless network solutions and cloud services continues to rise with the increasing internet penetration in India, supporting many businesses in their digital transformation efforts. In the BFSI sector, regulatory compliance and enhanced customer experiences drive investment in effective IT service management solutions, ensuring safer and smarter financial transactions.

    The Healthcare segment leverages IT service management to improve patient care through efficient data management systems, especially critical during times of public health challenges. Retail, with its massive shift towards e-commerce, demands innovative IT service frameworks to manage supply chains and customer interactions effectively.

    Meanwhile, the Manufacturing sector increasingly integrates automation and IoT, emphasizing the importance of IT service management in optimizing operations and maintaining productivity. Overall, the diverse applications of IT Service Management across these industries demonstrate its central role in achieving operational excellence and sustaining competitive advantages in the evolving market landscape of India.

    IT Service Management Market Organization Size Insights

    IT Service Management Market Organization Size Insights

    The Organization Size segment of the India IT Service Management Market demonstrates a diversified growth landscape, primarily categorized into Small Enterprises, Medium Enterprises, and Large Enterprises. Small Enterprises are increasingly adopting IT service management solutions to enhance efficiency and streamline operations, which aids in their competitiveness in the digital economy. Medium Enterprises often explore IT service management to scale operations and optimize resource allocation, reflecting a growing trend toward digital transformation.

    Meanwhile, Large Enterprises dominate the segment owing to their extensive operational needs and higher IT budgets, driving substantial investments in robust IT service management frameworks. The overall trend indicates a shift towards cloud-based solutions and asynchronous workflows, allowing organizations of all sizes to adapt swiftly to market changes.

    Such advancements are supported by initiatives from the Indian government to boost digital infrastructure, promoting growth in the IT service sector. This segmentation showcases that regardless of size, organizations in India are recognizing the importance of effective IT service management as a critical driver for operational success and strategic growth.The dynamics within these segments highlight not only the opportunities but also the challenges faced by each type, necessitating tailored approaches to maximize impact within the India IT Service Management Market.

    Get more detailed insights about India IT Service Management Market

    Key Players and Competitive Insights

    The India IT Service Management Market has developed into a sophisticated and competitive landscape, characterized by rapid technological advancements, increased demand for automation, and a shift towards cloud-based service delivery.

    This dynamic environment is driven by the growing reliance on IT for business operations across various industries, which has necessitated a stronger focus on effective IT service management practices. Organizations are increasingly driven by the need to streamline operations, enhance customer satisfaction, and improve service delivery, prompting IT service providers to innovate continuously.

    The competitive insights reveal a marketplace populated with both established players and newer entrants looking to capitalize on the growing demand for IT services. These companies provide various solutions, including IT operations management, service desk functions, asset management, and incident resolution, making it imperative for them to differentiate their offerings through technological prowess and superior customer service.

    HCL Technologies has emerged as a formidable player in the India IT Service Management Market, known for its comprehensive suite of services tailored to meet the needs of diverse industries. With a robust focus on digital transformation, HCL Technologies leverages its extensive industry knowledge and technical expertise to deliver scalable IT service management solutions.

    The company possesses a vast talent pool and a strong presence in critical sectors such as banking, financial services, and manufacturing. Moreover, HCL Technologies has invested significantly in developing proprietary tools and platforms that enhance operational efficiency for its clients.

    This strategic focus on innovation, combined with a dedication to fostering long-term client relationships, positions HCL Technologies as a leader in delivering exceptional IT service management experiences in India.Larsen & Toubro Infotech has gained prominence in the Indian IT Service Management Market by providing integrated and technologically advanced IT solutions.

    The company offers a range of services, including IT infrastructure management, enterprise application services, and business process transformation. Larsen & Toubro Infotech distinguishes itself through its strategic alliances with technology providers and a focus on delivering industry-specific solutions. The company's commitment to innovation is reflected in its investments in research and development, enabling it to address the evolving demands of the market effectively.

    Furthermore, Larsen & Toubro Infotech has pursued strategic mergers and acquisitions to enhance its capabilities and expand its service portfolio. This enables the company to strengthen its market position while ensuring that it remains at the forefront of IT service management in India, driven by its emphasis on customer-centric solutions and operational excellence.

    Key Companies in the India IT Service Management Market market include

    Industry Developments

    The India IT Service Management Market has experienced several recent developments, particularly among key players such as Tata Consultancy Services, Infosys, and Wipro, which have seen a notable increase in market valuation, reflecting a growing demand for digital transformation services.

    In October 2023, HCL Technologies announced an expansion of its cloud services to enhance its portfolio, following a trend among firms like Cognizant and Capgemini, which are investing heavily in artificial intelligence and automation solutions to stay competitive.

    Currently, Larsen & Toubro Infotech and Tech Mahindra are focusing on enhancing customer experience through innovative IT service solutions, thereby driving growth. In terms of mergers and acquisitions, Persistent Systems completed its acquisition of a strategic stake in a software company in September 2023, strengthening its footprint in the IT service space.

    Over the past two to three years, major players have continuously adapted their offerings in response to the rapid technological advancements and emerging market needs, positioning themselves to leverage opportunities in sectors such as healthcare and finance, which are increasingly seeking IT service solutions to enhance operational efficiency.

    Market Segmentation

    IT Service Management Market Industry Outlook

    • IT and Telecommunications
    • BFSI
    • Healthcare
    • Retail
    • Manufacturing

    IT Service Management Market Service Type Outlook

    • Incident Management
    • Problem Management
    • Change Management
    • Service Request Management
    • Configuration Management

    IT Service Management Market Deployment Type Outlook

    • On-Premises
    • Cloud-Based
    • Hybrid

    IT Service Management Market Organization Size Outlook

    • Small Enterprises
    • Medium Enterprises
    • Large Enterprises

    Report Scope

     
    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 2.2(USD Billion)
    MARKET SIZE 2024 2.5(USD Billion)
    MARKET SIZE 2035 5.25(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.978% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED HCL Technologies, Larsen & Toubro Infotech, Zensar Technologies, Cognizant, Wipro, Capgemini, Tech Mahindra, Tata Consultancy Services, Accenture, Mastek, Mindtree, Infosys, IBM, Persistent Systems, Oracle
    SEGMENTS COVERED Service Type, Deployment Type, Industry, Organization Size
    KEY MARKET OPPORTUNITIES Cloud-based IT service adoption, Demand for automation solutions, Growth in remote workforce management, Emphasis on cybersecurity integration, Rise of AI-driven IT support
    KEY MARKET DYNAMICS increased digital transformation, growing cloud adoption, demand for automation solutions, focus on customer experience, rising cybersecurity threats
    COUNTRIES COVERED India

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    FAQs

    What is the expected market size of the India IT Service Management Market in 2024?

    The India IT Service Management Market is expected to be valued at 2.5 USD Billion in 2024.

    What is the projected market size of the India IT Service Management Market by 2035?

    By 2035, the India IT Service Management Market is expected to reach a value of 5.25 USD Billion.

    What is the anticipated compound annual growth rate (CAGR) for the India IT Service Management Market from 2025 to 2035?

    The expected CAGR for the India IT Service Management Market from 2025 to 2035 is 6.978%.

    Which service type segment holds the largest market share in the India IT Service Management Market for 2024?

    Incident Management is projected to hold the largest market share with a value of 0.75 USD Billion in 2024.

    What is the estimated market value for Problem Management in the India IT Service Management Market in 2035?

    The market value for Problem Management is estimated to be 1.0 USD Billion by 2035.

    Which are the major players in the India IT Service Management Market?

    Major players include HCL Technologies, Cognizant, Wipro, Tata Consultancy Services, and Accenture.

    What is the expected market value for Change Management in 2024?

    Change Management is expected to have a market value of 0.45 USD Billion in 2024.

    How much is the Service Request Management segment projected to grow by 2035?

    The Service Request Management segment is projected to grow to 0.9 USD Billion by 2035.

    What impact do technological advancements have on the India IT Service Management Market?

    Technological advancements are expected to drive efficiency and innovation within the India IT Service Management Market.

    What factors are contributing to the growth of the India IT Service Management Market?

    Factors contributing to growth include increasing IT complexities, demand for improved service efficiency, and digital transformation.

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