The India ICT Market reached a size of USD 99,210.08 Million in 2025. It is forecasted to grow to USD 1,95,431.59 Million by 2034, registering a CAGR of 7.82% during 2026-2034. Market growth is primarily driven by government initiatives such as BharatNet and the National Broadband Mission enhancing digital infrastructure, alongside the IndiaAI Mission promoting AI infrastructure. Enterprise digital transformation through cloud computing, AI, and IoT further fuels market expansion. The report presents a thorough review featuring the India ICT Market Outlook, share, trends, and research of the industry.

STUDY ASSUMPTION YEARS

• Base Year: 2025

• Historical Year/Period: 2020-2025

• Forecast Year/Period: 2026-2034

INDIA ICT MARKET KEY TAKEAWAYS

• Current Market Size: USD 99,210.08 Million in 2025

• CAGR: 7.82%

• Forecast Period: 2026-2034

• The Indian government has connected over 214,000 gram panchayats with 692,299 km optical fiber and 1.17 million FTTH connections as part of BharatNet.

• Median mobile broadband speeds improved from 10.71 Mbps in 2020 to 144.33 Mbps in February 2025.

• The IndiaAI Mission expanded compute capacity to over 34,000 GPUs by June 2025, surpassing the original target.

• Major IT companies like TCS, Infosys, HCL, and Wipro have invested heavily in AI upskilling and innovation centers.

• India's cloud computing market is projected to grow from USD 21.82 billion in 2025 to USD 58.73 billion by 2030.

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MARKET TRENDS

Government-led initiatives like BharatNet have driven massive rural broadband connectivity expansion by December 2025, connecting over 214,000 gram panchayats with 692,299 kilometers of optical fiber cables and 1.17 million FTTH connections. The National Broadband Mission complements this by targeting universal broadband speeds of at least 50 Mbps, significantly bridging the digital divide. Median mobile broadband speeds surged from 10.71 Mbps in 2020 to 144.33 Mbps by February 2025, while rural internet subscribers rose from 115.06 million in FY16 to 405.33 million by September 2025.

The IndiaAI Mission is democratizing access to high-performance AI computing infrastructure with a budget of Rs 10,372 crore. By June 2025, compute capacity exceeded 34,000 GPUs, more than tripling its target of 10,000 GPUs. The mission supports academic and startup communities with subsidies up to 100 percent on computation costs for foundational AI model development. Over 230 applications and 30,000 GPU requests for local language large language models have been received, augmented by three AI Centres of Excellence focused on healthcare, agriculture, and sustainable cities.

Indian enterprises are accelerating digital transformation by adopting cloud computing, AI, cybersecurity, and IoT. The shift from billable-hours to outcome-based pricing models reflects improved operational efficiency through AI and automation. Major IT firms such as Tata Consultancy Services and Infosys have upskilled hundreds of thousands of employees and developed AI Centers of Excellence. The deployment of 5G infrastructure, with more than 460,000 base transceiver stations by December 2025, is enabling ultra-low latency applications essential for Industry 4.0 initiatives.

MARKET GROWTH FACTORS

The Indian government’s BharatNet project and National Broadband Mission are major growth drivers, with investment allocations such as Rs 22,000 crore in the 2025-26 budget to continue expansive digital infrastructure development. These programs provide high-speed broadband to rural areas using optical fiber, satellite, and wireless technologies, dramatically enhancing connectivity and enabling digital services including education, healthcare, and governance.

The IndiaAI Mission's Rs 10,372 crore budget fosters AI innovation by providing affordable high-performance computing infrastructure through public-private partnerships. Its expansion beyond 34,000 GPUs allows startups, academia, and enterprises to develop advanced AI models. Subsidies of up to 100 percent on computing enable companies to create foundational AI models addressing local languages and contexts, positioning India as a hub for AI-driven economic growth and social development.

Enterprise demand for advanced digital solutions propels market growth. Investments include Tata Consultancy Services' Rs 1,625 crore acquisition for new delivery centers and strategic partnerships like TCS’s collaboration with Bank of Baroda for financial inclusion over five years. The cloud computing market is rapidly expanding, projected to increase from USD 21.82 billion in 2025 to USD 58.73 billion by 2030, complemented by widespread 5G deployments enhancing IoT and real-time data processing capabilities critical to digital transformation.

MARKET SEGMENTATION

Spending Insights:

• Devices

• Software

• IT Services

• Data Center Systems

• Communication

Each spending segment covers the respective technology products and services constituting the India ICT market expenditure.

Technology Insights:

• IOT

• Big Data

• Cloud Computing

• Content Management

• Security

These technology segments include key digital technologies used across industries fostering innovation and security within the ICT market.

Regional Insights:

• North India

• South India

• East India

• West India

These regions represent major geographical markets, each analyzed for ICT market performance and trends.

REGIONAL INSIGHTS

North India, South India, East India, and West India are key regional markets analyzed in the report. Specific dominant region statistics including market share and CAGR are not explicitly provided in the source. The report offers a comprehensive regional analysis but does not state a dominant region with exact figures.

RECENT DEVELOPMENTS & NEWS

In July 2025, Google announced a USD 6 billion investment to develop a 1-gigawatt data center in Visakhapatnam, enhancing cloud computing and AI infrastructure to support enterprise workloads. In June 2025, HCL Technologies expanded its strategic partnership with AMD to develop innovation labs boosting digital transformation. Additionally, HCL partnered with European companies E.ON and ASISA to transform their digital solutions, highlighting collaborative efforts to innovate across energy and healthcare sectors.

KEY PLAYERS

• Tata Consultancy Services

• Infosys

• HCL Technologies

• Wipro

• Google

• AMD

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