India ICT market reached around USD 129.70 Billion in 2025. It is projected to grow at a CAGR of 13.10% during 2026-2035 to reach nearly USD 444.19 Billion by 2035.
Base Year
Historical Period
Forecast Period
India’s digital economy is expected to attain a size of $1 trillion by 2027-28.
India boasts approximately 821 million internet users and is the second largest internet market in the world.
E-commerce platforms in India reached around GMV of US$ 60 billion in 2023, witnessing a y-o-y growth of 22%.
Compound Annual Growth Rate
13.1%
Value in USD Billion
2026-2035
*this image is indicative*
| India ICT Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 129.70 |
| Market Size 2035 | USD Billion | 444.19 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 13.10% |
| CAGR 2026-2035 - Market by Type | Telecommunication Services | 15.1% |
| CAGR 2026-2035 - Market by End Use | Retail and E-Commerce | 15.9% |
| CAGR 2026-2035 - Market by Region | South India | 15.1% |
| 2025 Market Share by Region | West India | 24.5% |
India’s digital economy is growing at 2.8 times the rate of its GDP growth. By 2026-27, it is expected to account for 20% of its overall GDP growth. Under the India AI mission launched in 2024, the government aims to establish AI compute capacity worth 10,000 GPUs by funding 50% of the total infrastructure development cost. This is expected to favour the growth of the electronics industry, thereby paving the way for innovation in the market.
In 2022, India witnessed a year-on-year surge of over 75% in the volume of digital payments, which reached 74 billion and recorded a value of USD 1,536 billion. This can be attributed to numerous factors, such as rising accessibility to high-speed internet, rising smartphone availability, and the consumer convenience provided by digital payment platforms like PhonePe and GooglePay. Increasing consumer dependence on digital apps for ticket booking, hotel reservations, and online shopping is expected to directly impact the BFSI sector, which is anticipated to increase the deployment of various ICT technologies.
The introduction of 5G networks is expected to facilitate real-time monitoring of industrial machines, thereby minimising the risk of machine failure and downtime. This is expected to enhance the productivity and efficiency of India’s manufacturing industry in the forecast period.
"India ICT Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Industry Vertical
Market Breakup by Region
| CAGR 2026-2035 - Market by | Type |
| Telecommunication Services | 15.1% |
| IT and Infrastructure Services | 13.9% |
| Hardware | XX% |
| Software | XX% |
| CAGR 2026-2035 - Market by | End Use |
| Retail and E-Commerce | 15.9% |
| IT and Telecom | 13.9% |
| Manufacturing | 12.1% |
| BFSI | XX% |
| Government | XX% |
| Energy and Utilities | XX% |
| CAGR 2026-2035 - Market by | Region |
| South India | 15.1% |
| West India | 14.0% |
| North India | XX% |
| East and Central India | XX% |
Based on industry vertical, the market is divided into BFSI, IT and telecom, government, retail and e-commerce, manufacturing, and energy and utilities, among others. Over the forecast period, the IT and telecom sector is projected to grow at a CAGR of 13.9% during 2026-2035, aided by the rapid penetration of internet services and rising digitalisation of the economy.
| 2025 Market Share by | Region |
| West India | 24.5% |
| North India | XX% |
| East and Central India | XX% |
| South India | XX% |
Major companies like the Tata Group are focusing on developing semiconductor manufacturing, assembling, and testing plants in key regions like Gujarat and Assam to foster innovations in the India market for ICT.
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The market was valued at nearly USD 129.70 Billion in 2025.
The market is projected to grow at a CAGR of 13.10% between 2026 and 2035.
The market is assessed to witness healthy growth in the forecast period to reach around USD 444.19 Billion in 2035.
The different types of ICT in the market include hardware, software, IT and infrastructure services, and telecommunication.
The different industry verticals in the market include BFSI, IT and telecom, government, retail and e-commerce, manufacturing, and energy and utilities, among others.
The different regions covered in the market report are North India, East and Central India, West India, and South India.
The key market players are IBM Corp., Microsoft Corp., Google LLC, Accenture Plc, Tata Consultancy Services Ltd., Tech Mahindra Ltd., Infosys Ltd., Wipro Ltd., HCL Technologies Ltd., and Bharti Airtel Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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