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Top IT firms grow global share in post-covid world
Mint New Delhi
|March 31, 2025
India's top two IT services firms expanded their global market share in the years since the covid outbreak, marking a spot of relief in a world upended by artificial intelligence (AI).
Tata Consultancy Services Ltd (TCS) and Infosys Ltd sharply outpaced the global IT services industry in the four years beginning 2020, as they worked with hyperscalers and adapted to the post-pandemic world. While the global IT industry expanded 14% between 2020 and 2024 to touch $1.04 trillion, the two companies grew at more than double this rate, according to Pierre Audoin Consultants, a Paris-headquartered IT advisory firm. TCS and Infosys grew at 32% and 45% respectively to end the 12 months through March 2024 with $29.1 billion and $18.6 billion in revenue, gaining market share.
This story is from the March 31, 2025 edition of Mint New Delhi.
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