IT provider year-on-year revenue growth rate worldwide 2018-2021
In 2021, Wipro experienced a year-on-year growth rate of 25.7 percent. Other IT service providers that experienced strong growth that year are TCS and Infosys. Growth in IT services is driven by a move to the cloud, as well as an overall tendency towards outsourcing models as flexibility is favored to stay agile. Further, IT services are necessary for business innovation and to accomplish digital transformation strategies.