As the IT industry in India continues to increase, end-user spending on the market is also forecast to rise, albeit slowly. IT end-user spending in the country stood at 67.4 billion U.S. dollars in 2013 and this figure is projected to hit 79 billion U.S. dollars by the end of 2016. About a third of this spending in 2016 will be in the devices market, with telecommunications services accounting for another third - approximately 29 billion U.S. dollars.
Some of the biggest IT service providers in India include IBM and HP, as well as Indian-based companies, Wipro and Tata Consultancy Services (TCS). Overall, in 2013, the IT industry in India provided direct employment to 3 million people and indirect employment to almost 10 million. Of these employees, over 275,000 worked for TCS and a further 156,700 worked at Infosys, based in Bangalore. TCS is the largest India-based IT services company with its revenue reaching 979 billion Indian rupees in 2015 (roughly 14.5 billion U.S. dollars). This ranks it as one of the world’s largest IT services providers, by revenue.