India Tech – Thematic Research

India is one of the fastest-growing economies globally, with an average annual growth rate of 7% between 2014 and 2019. It is the second-most populous country with over 1.3 billion people, more than half of whom are under 25, and it is witnessing a rise in its middle-class population and rapid urbanization. These factors make it an increasingly important market for technology, media, and telecom (TMT) companies.

Scope

This report looks at the state of India’s TMT sector as well as its tech-driven automobile sector. It contains analysis of India’s IT services, consumer electronics, ecommerce, mobile payments, and social media markets, along with the video streaming, TV broadcasting, gaming, telecoms, and automotive industries. There are market forecasts for each of these segments, and analysis of the leading companies.

Key Highlights

The TMT industry is an essential part of the Indian economy. The government has bolstered the digital ecosystem by courting foreign investment and introducing digitalization policies. Indian IT services vendors are the flag-bearers for the country’s TMT sector and have grown to be as big as their global counterparts.

Indians are increasingly buying smartphones. According to GlobalData, 45% of them had a smartphone in 2020, and by 2025, 71% will own one. Millions of Indians are now connected to the internet, with the cost of access coming down all the time. GlobalData forecasts reveal that almost half of the Indian population had a mobile internet subscription in 2020, and by 2025, 81% will be connected, equivalent to 1.1 billion people. Indians have adopted digital ways of shopping, socializing, watching movies, and playing, with the pandemic only increasing adoption. These shifts have created enormous opportunities for domestic and foreign players in ecommerce, mobile payments, social media, video streaming, and gaming.

Reasons to buy

India is an increasingly important market for TMT companies. This report provides invaluable insight into this potentially lucrative theme, including details of the leading companies and market forecasts for fast-growing segments like ecommerce, mobile payments, and video streaming.

The report provides commentary on key trends impacting the Indian tech market, including artificial intelligence (AI), the Internet of Things (IoT), and edtech.

It also features discussions of the impact of COVID-19 and an analysis of how Indian tech companies are tackling environmental, social, and governance (ESG) challenges.

The report includes profiles of major players like Alphabet, Amazon, Facebook, Netflix, Reliance Industries, and Tata Consultancy Services. For each, we look at their competitive position in the Indian tech ecosystem.

Companies mentioned

Accenture

Activision Blizzard

ADP

Airbnb

Alibaba

Alphabet

Amazon

ANI Technologies (Ola Cabs)

Apple

AT&T

Axis Bank (Freecharge)

Balaji Telefilms (ALTBalaji)

Bharti Airtel

Booking Holdings

BrainBees (Firstcry)

BSNL

Bundl Technologies (Swiggy)

Bytedance (TikTok)

Capgemini

CGI

Cognizant

Comcast

Daimler

Discovery (Discovery Plus)

Electronic Arts

EPAM Systems

Epic Games

ErosSTX (Eros Now)

Facebook

Ford

Galactus Funware (MPL)

Gametion

General Motors

Genpact

Glance (Roposo)

HCL Technologies

Hexaware

Hinduja Group (Ashok Leyland)

Huawei

Hyundai Motor

IBM

Imagine Marketing (BoAt)

Infosys

Inshorts

Intex

Karbonn Mobiles

Krafton

Lava

Lenskart

LG Electronics

LTI

Mahindra & Mahindra

MakeMyTrip

Mango Games

Maruti Suzuki

Micromax

Microsoft

MobiKwik

Mohalla Tech (ShareChat)

Mphasis

Nazara Technologies

NEC

Netflix

Network 18 (Hathway)

Noise

Nykaa

Octro

One97 Communications (Paytm)

Oppo

Oyo Rooms

People Group (Shaadi.com)

Realme

Reliance Industries

Robosoft

Samsung Electronics

Sea

Softbank

Sony

Studio nCore

Tata Sons

TCS

Tech Mahindra

Tech4Billion Media (Chingari)

Tencent

The Times Group (MX Pkayer)

Toyota

Trendsutra (Pepperfry)

Twitter

Uber

Urban Company

Valve

Verse Innovation (Dailyhunt)

ViacomCBS

Vivo

Vodafone Idea

Volkswagen

Vu Televisions

Walmart (Flipkart)

Walt Disney

Wipro

Xiaomi

Zee Entertainment

Zomato

ZTE

Zynga

Table of Contents

Executive summary

Players

Trends

India’s tech drivers

Market forecasts and competitor analysis

Mergers and acquisitions

Timeline

Companies

Sector scorecard

Glossary

Thematic methodology

    Pricing

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