As the industry in the south Asian continued to flourish, end-user spending on the market also increased, albeit slowly. IT end-user spending in the country stood at around 67 billion U.S. dollars in 2013 but has decreased considerably and is estimated to reach a value of around 17 billion U.S. dollars in 2020. About a third of this spending in 2019 was estimated to be in the devices market, with telecommunications services accounting for another third.
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 2017, the industry provided direct employment to almost four million people and indirect employment to more than ten million. Of these employees, over 420,000 worked for TCS and more than 228,000 worked at Infosyswhich is based in Bangalore. TCS revenue reached almost 1.5 trillion Indian rupees in 2019, making it the largest India-based IT services company that year. This ranks it as one of the world’s largest IT services providers.