NEW DELHI – IBM leads the domestic IT market in 2011 with a share of 11.9 percent, twice as big as its nearest competitor Wipro InfoTech. Indian IT services market is expected to touch $9.5 billion which means that IBM India earns revenues of over $1billion, reveals IDC research firm.
Commenting on the company’s market share, Ashish Kumar, GM, Global Technology Service, IBM India/South Asia, said, that the growth of the company involves in its investments in innovation, domain expertise and value in service delivery through repeatable platforms and service delivery methods. According to him, the growth of the company also involves in the developing relationship with the clients through partnership and outcome-based modes. “Openness to adopt new technology and a maturing sourcing approach makes India a promising long term bet”, he said.
A 10-year-old multi-million dollar company, Manapurram Finance inked deal with IBM to renovate its IT system. IBM also closed a 10 year old transformational deal with India Infoline worth close to 300 crore. The other areas which the company focuses on are government, manufacturing and retail. Industries like BFSI, Telecom, Manufacturing and Government has made 85 percent of India’s IT service market.
SMB market is another focus for IBM where the adoption of technology is slow but it’s quickly building up. In next 18 months, IBM will come up with offices in more than 40 cities. By extending its network of regional branches, IBM is strengthening its ability to deliver more advanced technologies and services to its clients across the country.
