Wipro Infotech leads Indian Managed IT Services market

BANGALORE: Wipro Infotech, the India and Middle East IT Business of Wipro Ltd on Friday said it has been named leader in the Managed IT Services market by Springboard Research, a leading Market Research firm.

The report titled "Indian Managed IT Services Market," provides comprehensive insights and practical outcomes for the Indian managed IT services market from an end-user and supplier perspective.

According to the report, the IT managed services market in India is expected to reach US$ 3.8 billion in 2013 from US$1.6B in 2009, growing at a CAGR of 22.8%, higher than the growth rate of overall IT services market. As per the report, Wipro has the highest market share in India.

Wipro's significant focus on large customer acquisitions with specific domain centric solutions has catapulted the company into the leadership position in Managed Services. Wipro has built a healthy pipeline across industry verticals and strengthened its presence by winning strategic deals and launching new solutions, it said in a statement here.