India Software Services Export Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The India Software Services Export Industry Market Report is Segmented by Activity (IT Services, Software Product Development, BPO Services, and Engineering Services), Service Type (On-Site and Off-Site), and Export Destination (North America, Europe, Asia-Pacific, and Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

India Software Services Export Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Software Services Export Market Size

India Software Services Export Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 158.47 Billion
Market Size (2030) USD 197.76 Billion
CAGR (2025 - 2030) 4.53 %
Market Concentration Low

Major Players

India Software Services Export Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Software Services Export Market Analysis

The India Software Services Export Market size is estimated at USD 158.47 billion in 2025, and is expected to reach USD 197.76 billion by 2030, at a CAGR of 4.53% during the forecast period (2025-2030).

India's global software services export industry has emerged as a global powerhouse, underpinned by its vast technological talent pool and robust digital infrastructure. The country has established itself as a leading destination for technology services, with over 5 million skilled technologists forming the backbone of its workforce. This substantial talent base continues to expand, with the sector adding approximately 450,000 new employees in FY22, marking the largest net addition in recent years. The nation's digital accessibility has reached unprecedented levels, with 76 crore people currently accessing the internet, creating a fertile ground for technological innovation and service delivery.


The industry's landscape is being reshaped by significant investments and infrastructure developments from global technology leaders. Amazon Web Services' announcement of its second infrastructure region in Hyderabad, with investments reaching USD 4.4 billion by 2030, exemplifies the growing confidence in India's technical capabilities. This expansion is complemented by other major industry players, such as PwC India's strategic initiative to hire 10,000 workers in cloud and digital technology sectors over the next five years, demonstrating the industry's robust growth trajectory and increasing global integration.


The software services sector has witnessed a remarkable transformation in its service delivery models and technological capabilities. According to NASSCOM estimates, the Indian Software Product industry achieved a significant milestone in FY 2023, reaching revenue of USD 14.2 billion. This growth is characterized by a shift towards more sophisticated software solutions, including artificial intelligence, automation, network infrastructure, and Internet of Things (IoT) implementations. The industry has evolved from providing basic IT services to delivering complex digital transformation solutions, positioning India as a crucial partner in global software services innovation.


The sector's global reach and integration have strengthened significantly, as evidenced by the Reserve Bank of India's report from September 2022, which highlighted that the United States and Canada were the primary destinations for software exports. The industry has demonstrated remarkable adaptability in service delivery models, with companies increasingly adopting hybrid work patterns and investing in capability-building initiatives. Major technology firms are establishing research and development centers across various Indian cities, creating a distributed innovation ecosystem that extends beyond traditional tech hubs, thereby fostering a more inclusive growth model for the industry.

Segment Analysis: By Activity

IT Services Segment in India Software Services Export Market

The IT services segment continues to dominate India's software services export market, commanding approximately 61% market share in 2024. This segment's strong position is driven by the increasing global demand for digital transformation services, cloud migration, and IT infrastructure modernization. Organizations worldwide are increasingly partnering with Indian IT service providers to leverage their expertise in emerging technologies like artificial intelligence (AI), machine learning (ML), and cloud computing. The segment's growth is further supported by the strong presence of major IT service providers who have established robust delivery centers across India. These providers are continuously expanding their service portfolios and investing in building capabilities around next-generation technologies to meet evolving client demands across various industries, including BFSI, healthcare, retail, and manufacturing.

Market Analysis of India Software Services Export Market: Chart for By Activity

BPO Services Segment in India Software Services Export Market

The BPO services segment is emerging as the fastest-growing segment in India's software services export market, with an expected growth rate of approximately 6% during 2024-2029. This remarkable growth is driven by increasing global demand for specialized business process services across accounting, HR, customer support, and digital operations. Organizations worldwide are increasingly leveraging India's BPO capabilities to optimize costs while maintaining service quality. The segment's growth is further accelerated by the adoption of advanced technologies such as artificial intelligence, robotic process automation, and cloud computing in BPO operations. Service providers are continuously expanding their capabilities and establishing new delivery centers to meet the growing demand for specialized BPO services across various industry verticals.

Remaining Segments in India Software Services Export Market

The software product development and engineering services segments play crucial roles in India's software services export landscape. The software product development segment focuses on creating innovative software solutions and products for global clients, leveraging India's strong technical expertise and cost advantages. Meanwhile, the software engineering services segment specializes in providing embedded solutions, product design engineering, and industrial automation services to global clients. Both segments are witnessing increased traction due to the growing demand for specialized technical expertise and the trend towards digital product development. These segments are further strengthened by the presence of dedicated development centers established by global technology companies in India.

Segment Analysis: Services Type

Off-site Segment in India Software Services Export Market

The off-site segment dominates the India software services export market, commanding approximately 87% market share in 2024, valued at USD 132.43 billion. This significant market position is attributed to the increasing adoption of cloud services and digital transformation initiatives by global organizations. The segment is also experiencing the fastest growth trajectory, driven by the rising demand for software development outsourcing and the cost advantages offered by the Indian IT workforce. Large transformation contracts and multi-year agreements that enable more software outsourcing to be executed at locations remote from client premises have caused a surge in the percentage of work done offshore for Indian software companies. The trend has been particularly notable among domestic technology service providers of all sizes, including major players like TCS, Infosys, and Wipro, as well as mid-sized companies. The growth is further supported by the well-established cloud infrastructure in India, which makes data access and management from remote offices quicker and simpler, while maintaining robust cybersecurity measures to protect sensitive information.

On-site Segment in India Software Services Export Market

The on-site segment continues to play a crucial role in the Indian software services export landscape, particularly for projects requiring direct client interaction and specialized on-premises implementation. This delivery model involves sending trained personnel to the client's location, enabling close collaboration between the customer's team and the vendor's team for data gathering, creation, implementation, support, and maintenance of projects. The segment is particularly valuable for short-term tasks and re-engineering projects with repeated scope of work, especially when clients have ambiguous project requirements. Despite facing challenges related to visa restrictions and increased attrition in key markets like the United States, Indian software exporters are adapting by increasing local hiring in target markets and implementing hybrid work models to maintain service quality and client relationships.

India Software Services Export Market Geography Segment Analysis

India Software Services Export Market in North America

North America continues to be the dominant destination for India's offshore software services exports, commanding approximately 57% of the total market share in 2024. The region's prominence is driven by the rapid growth in IT spending across various end-user industries, encompassing both consumer and enterprise markets. The acceleration of digital transformation initiatives across industries, coupled with the widespread adoption of emerging technologies such as artificial intelligence, IoT, and blockchain, has created substantial opportunities for Indian software solutions providers. The region's businesses are increasingly focusing on modernizing their legacy IT infrastructure while seeking cost-effective solutions, making Indian IT services particularly attractive. The strong presence of major technology hubs, coupled with the established track record of Indian IT companies in delivering high-quality services, has fostered long-term partnerships between North American enterprises and Indian service providers. Additionally, the region's emphasis on cloud enablement and digital transformation-related services, which require frequent maintenance and support for business operations, continues to drive revenue growth for global delivery services.

India Software Services Export Market in Europe

Europe represents a strategic market for Indian international software services exports, demonstrating robust growth of approximately 25% during the period 2019-2024. The region's digital transformation journey has created significant opportunities for Indian IT service providers, particularly in areas such as cloud migration and IT infrastructure modernization. European businesses are increasingly recognizing India's expertise in delivering cost-effective, high-quality software solutions, leading to deeper strategic partnerships. The market is characterized by strong demand across various sectors, including banking, manufacturing, and healthcare, with particular emphasis on cybersecurity and data protection compliance. The region's focus on sustainable and innovative technology solutions has created new opportunities for Indian service providers to showcase their capabilities in emerging technologies. European organizations are increasingly partnering with Indian IT firms to leverage their extensive talent pool and technological expertise while maintaining compliance with stringent regional regulations. The growing adoption of cloud services and digital transformation initiatives continues to drive the demand for specialized IT services from India.

India Software Services Export Market in Asia-Pacific

The Asia-Pacific region presents a dynamic growth opportunity for Indian offshore software services exports, with a projected growth rate of approximately 14% during the period 2024-2029. The region's accelerating digital transformation initiatives, particularly in countries like Singapore, Australia, and Japan, are creating new avenues for Indian IT service providers. The market is characterized by increasing investments in cloud computing, artificial intelligence, and digital infrastructure modernization across various industries. Countries in the region are actively pursuing smart city initiatives and digital economy transformations, creating substantial opportunities for Indian software service providers. The presence of mature technology markets alongside emerging digital economies provides a diverse range of opportunities for Indian IT companies to showcase their expertise. The region's focus on developing digital infrastructure and adopting advanced technologies has led to increased demand for specialized IT services, particularly in areas such as cloud migration, cybersecurity, and digital transformation consulting. The growing emphasis on innovation and technology adoption across various sectors continues to drive the demand for Indian IT expertise.

India Software Services Export Market in Rest of the World

The Rest of the World region, encompassing Latin America and the Middle East & Africa, represents an emerging frontier for Indian international software services exports. These markets are characterized by increasing digital adoption and transformation initiatives, particularly in the Gulf Cooperation Council (GCC) countries. The region's focus on modernizing government services and developing smart cities has created new opportunities for Indian IT service providers. Countries in these regions are actively pursuing digital transformation initiatives across various sectors, including banking, retail, and public services. The growing emphasis on cloud adoption and cybersecurity has led to increased demand for specialized IT services. Indian IT companies are well-positioned to capitalize on these opportunities due to their extensive experience in digital transformation and cost-effective service delivery models. The region's diverse market dynamics and varying levels of digital maturity present unique opportunities for Indian software service providers to establish long-term partnerships and contribute to the digital evolution of these economies.

India Software Services Export Industry Overview

Top Companies in India Software Services Export Market

The Indian technology services export market is dominated by major players like TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra, who have established strong global delivery services capabilities. These companies are driving innovation through investments in emerging technologies like artificial intelligence, cloud computing, IoT, and blockchain while building specialized centers of excellence. Operational agility has become a key focus area, with companies adopting hybrid delivery models and automated development processes to enhance productivity. Strategic partnerships with global technology leaders and cloud hyperscalers have enabled these firms to expand their solution portfolios and market reach. The leading players are also pursuing aggressive expansion in key markets through both organic growth and strategic acquisitions, particularly in areas like digital transformation, cybersecurity, and industry-specific software solutions. Continuous investments in upskilling talent and building domain expertise have helped these companies maintain their competitive edge.

Market Structure Drives Competitive Dynamics Forward

The competitive landscape comprises both global IT services giants and Indian heritage players who have evolved into multinational corporations. While the top tier is dominated by large Indian conglomerates with end-to-end service capabilities, there is also a growing presence of global technology consulting services firms like Accenture, IBM, and Capgemini, who have established significant delivery centers in India. The market structure is moderately consolidated at the top but remains fragmented in specialized service segments, creating opportunities for mid-sized players to carve out niches. There is intense competition for digital transformation deals, leading companies to strengthen their capabilities through strategic acquisitions and partnerships.


The market has witnessed increased M&A activity focused on acquiring digital capabilities, expanding geographic presence, and entering new industry verticals. Companies are pursuing both transformational large-scale acquisitions and targeted purchases of specialized firms in areas like cloud consulting, data analytics, and cybersecurity. While Indian IT majors are expanding their global footprint through acquisitions, global players are strengthening their Indian delivery capabilities through strategic investments. The competitive dynamics are also being shaped by the emergence of new delivery models and the growing trend of global capability centers being set up by international clients in India.

Innovation and Adaptability Drive Future Success

For incumbent players to maintain and grow their market share, continuous investment in emerging technologies and innovation capabilities is crucial. Companies need to strengthen their consulting capabilities and domain expertise while building specialized solutions for key industry verticals. The ability to provide end-to-end digital transformation services while maintaining cost competitiveness through efficient delivery models will be critical. Developing strong partnerships with technology platform providers and building intellectual property in key areas can help create differentiation. Companies also need to focus on talent management and upskilling to address the growing demand for digital skills.


For contenders looking to gain ground, focusing on specialized service offerings and targeting specific industry segments can provide opportunities for growth. Building strong capabilities in high-growth areas like cloud migration, data analytics, and cybersecurity while maintaining flexibility in delivery models will be important. The market presents relatively low substitution risk due to established client relationships and high switching costs, but regulatory compliance across different geographies remains a key consideration. Success will depend on the ability to demonstrate value through innovation, maintain service quality, and build long-term client relationships while managing delivery costs effectively.

India Software Services Export Market Leaders

  1. Tata Consultancy Services Limited

  2. Infosys Limited

  3. Wipro Limited

  4. HCL Technologies

  5. Tech Mahindra Ltd

  6. *Disclaimer: Major Players sorted in no particular order
India Software Services Export Market Concentration
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India Software Services Export Market News

  • May 2024: Quest Global, a product engineering services company, announced that it acquired People Tech Group, a digital transformation and digital innovation firm. This strategic alliance catered to digital transformation for software-defined vehicles (SDV). Strong capabilities in architecture, design, UX, development, and testing of HMI & applications for infotainment systems and instrument clusters will strengthen Quest Global's enterprise software, cloud, data engineering, and analytics capabilities for the dynamic Hi-Tech industry.
  • October 2023: Mphasis, an information technology (IT) solutions provider, acquired Silverline, a digital transformation consultancy and Salesforce partner. By deploying Salesforce technology and deep industry knowledge, Silverline facilitates organizations' taking a data-driven and technology-focused approach to connecting with clients and helps companies build digital capabilities in the Salesforce ecosystem.

India Software Services Export Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Impact of Macroeconomic Trends on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Demand for Infrastructure Modernization, Digital Support, and Cloud Services Owing to Pandemic Challenges
    • 5.1.2 Government Reforms Aiding IT Industry that has Reduced Compliance, Increased Productivity, and Increased Global Competitiveness
  • 5.2 Market Restraints
    • 5.2.1 Managing Regulatory and Compliance Needs Across the World
  • 5.3 Trends and Technology Developments in Software Services
  • 5.4 Regional Analysis
    • 5.4.1 Karnataka
    • 5.4.2 Tamil Nadu
    • 5.4.3 Telangana
    • 5.4.4 Maharashtra
    • 5.4.5 Uttar Pradesh
    • 5.4.6 Haryana

6. MARKET SEGMENTATION

  • 6.1 By Activity
    • 6.1.1 IT Services
    • 6.1.2 Software Product Development
    • 6.1.3 BPO Services
    • 6.1.4 Engineering Services
  • 6.2 By Services Type
    • 6.2.1 On-site
    • 6.2.2 Off-site
  • 6.3 By Export Destination
    • 6.3.1 North America
    • 6.3.2 Europe
    • 6.3.3 Asia Pacific
    • 6.3.4 Rest of the World

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Tata Consultancy Services Limited
    • 7.1.2 Infosys Limited
    • 7.1.3 Wipro Limited
    • 7.1.4 HCL Technologies
    • 7.1.5 Tech Mahindra Ltd
    • 7.1.6 Mphasis Limited
    • 7.1.7 Oracle Corporation
    • 7.1.8 LTIMindtree Limited
    • 7.1.9 Microsoft Corporation
    • 7.1.10 Capgemini Technology Services India Ltd
    • 7.1.11 IBM Corporation
    • 7.1.12 Accenture PLC
    • 7.1.13 Deloitte Touche Tohmatsu Limited
    • 7.1.14 PWC LLP
  • *List Not Exhaustive

8. LIST OF CAPTIVES

9. LIST OF PURE-PLAY ADVISORY COMPANIES

10. INVESTMENT ANALYSIS

11. FUTURE OF THE MARKET

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India Software Services Export Industry Segmentation

Software services indicate services that display, make available, run, access, or interact with the functionality of the software products, which are provided to users from one or more data centers through the Internet or a private network on a rental, subscription, or assistance fee basis. The Indian software services considered for the study cover two key activities: computer and IT-enabled services. Computer services cover IT services and software product development, while IT-enabled services cover BPO and engineering services. The impact of macroeconomic trends on the market is also covered under the scope of the study. Furthermore, the disturbance of the factors affecting the market's evolution in the near future has been covered in the study as drivers and constraints.

The Indian software services export industry market is segmented by activity (IT services, software product development, BPO services, and engineering services), service type (on-site and off-site), and export destination (North America, Europe, Asia-Pacific, and the rest of the world). The market sizes and predictions are provided in terms of value in USD for all the above segments.

By Activity IT Services
Software Product Development
BPO Services
Engineering Services
By Services Type On-site
Off-site
By Export Destination North America
Europe
Asia Pacific
Rest of the World
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India Software Services Export Market Research FAQs

How big is the India Software Services Export Market?

The India Software Services Export Market size is expected to reach USD 158.47 billion in 2025 and grow at a CAGR of 4.53% to reach USD 197.76 billion by 2030.

What is the current India Software Services Export Market size?

In 2025, the India Software Services Export Market size is expected to reach USD 158.47 billion.

Who are the key players in India Software Services Export Market?

Tata Consultancy Services Limited, Infosys Limited, Wipro Limited, HCL Technologies and Tech Mahindra Ltd are the major companies operating in the India Software Services Export Market.

What years does this India Software Services Export Market cover, and what was the market size in 2024?

In 2024, the India Software Services Export Market size was estimated at USD 151.29 billion. The report covers the India Software Services Export Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Software Services Export Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Software Services Export Market Research

Mordor Intelligence offers a comprehensive analysis of the software solutions and technology services landscape in India. We leverage our extensive expertise in technology consulting services and IT outsourcing research. Our detailed examination covers the full spectrum of custom software development and application development services. This provides deep insights into India's evolving role in offshore software services and nearshore software services. The analysis includes managed software services, software engineering services, and enterprise software services, offering stakeholders a complete view of the industry's dynamics.

Our report, available as an easy-to-read PDF download, provides actionable insights into global software services and international software services trends. It particularly focuses on software outsourcing practices and offshore development capabilities. Stakeholders gain valuable understanding of global delivery services models and software consulting services frameworks employed by Indian firms. The comprehensive analysis of software development outsourcing trends enables businesses to make informed decisions about their technology partnerships. Additionally, a detailed examination of various service delivery models helps organizations optimize their technology services strategies.

India Software Services Export Market Report Snapshots