India's share in UK's ITeS market trebles
The share of the Indian IT services provider in the UK IT/ITeS market is on the high growth mode having tripled its revenue in the last four years, to a consulting firm.
By TNN |
BANGALORE: The share of the Indian IT services provider in the UK IT/ITeS market is on the high growth mode having tripled its revenue in the last four years, to a consulting company.
According to research and consulting company Ovum, “Driven by sustained demand for off-shoring capability and lower prices, the country (India) has tripled its share of top 50 revenues since 2003 and now has four representatives -- TCS, Wipro, Infosys and HCL in our rankings.”
According to the latest results of the Indian IT services companies, Infosys garnered 26.8 per cent of its revenues from Europe while it is 30 per cent for Wipro. For TCS, UK contributes 19.9 per cent of its revenues and overall from Europe it is 27.7 per cent. HCL Technologies generates 28.8 per cent of its revenues from Europe.
However, Ovum said that despite the growth of the Indian players, the market share remains pretty low at just 5 per cent of the combined revenues of the top 50 companies. In contrast, Fujitsu from Japan with just one representative in rankings still claims a bigger slice of the UK top 50 than India.
The Indian IT players have been constantly speaking about increasing their marketshare in the European continent through both organic and inorganic routes. As of now, more than 80 per cent of the revenues for the Indian companies in Europe come from UK.
Recently, Infosys announced the takeover of the Philips’ BPO business which also got it a centre in Poland. Wipro on the other hand has been talking about making an acquisition in Europe to strengthen its presence in the continent having already made a couple of buyouts.
TCS on the other hand had acquired Pearl BPO in UK in 2005. On the overall UK market, EDS has taken the number one spot from IBM.
According to research and consulting company Ovum, “Driven by sustained demand for off-shoring capability and lower prices, the country (India) has tripled its share of top 50 revenues since 2003 and now has four representatives -- TCS, Wipro, Infosys and HCL in our rankings.”
According to the latest results of the Indian IT services companies, Infosys garnered 26.8 per cent of its revenues from Europe while it is 30 per cent for Wipro. For TCS, UK contributes 19.9 per cent of its revenues and overall from Europe it is 27.7 per cent. HCL Technologies generates 28.8 per cent of its revenues from Europe.
However, Ovum said that despite the growth of the Indian players, the market share remains pretty low at just 5 per cent of the combined revenues of the top 50 companies. In contrast, Fujitsu from Japan with just one representative in rankings still claims a bigger slice of the UK top 50 than India.
The Indian IT players have been constantly speaking about increasing their marketshare in the European continent through both organic and inorganic routes. As of now, more than 80 per cent of the revenues for the Indian companies in Europe come from UK.
Recently, Infosys announced the takeover of the Philips’ BPO business which also got it a centre in Poland. Wipro on the other hand has been talking about making an acquisition in Europe to strengthen its presence in the continent having already made a couple of buyouts.
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TCS on the other hand had acquired Pearl BPO in UK in 2005. On the overall UK market, EDS has taken the number one spot from IBM.
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