The emerging technologies industry in India is a rapidly growing sector, encompassing a wide range of technologies such as artificial intelligence (AI), machine learning, the Internet of Things (IoT), and blockchain, among others.
These technologies have the potential to transform various industries and sectors in India, including healthcare, education, finance, and agriculture.
The emerging technologies market in India is estimated to be worth around US$19.93 billion by 2025. Spending on the Indian IT sector is projected to increase by US$ 144 billion in 2023. By 2026, widespread cloud utilization can provide job opportunities to 14 million people and add US$ 380 billion to India's GDP. (Source: IBEF)
This growth is being driven by a number of factors, including the increasing adoption of digital technologies by businesses and the government, the availability of skilled labor and favorable policies, and the growing demand for innovative solutions.
There are a number of key players in the emerging technologies industry in India, including startups and large multinational corporations. Some of the major players in the market include HCL Technologies, Infosys, and Tata Consultancy Services.
The top 10 emerging technologies companies in India are the following:
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