< Key Hightlight >

India is one of the fastest-growing economies globally, with an average annual growth rate of 7% between 2014 and 2019. It is the second-most populous country with over 1.3 billion people, more than half of whom are under 25, and it is witnessing a rise in its middle-class population and rapid urbanization. These factors make it an increasingly important market for technology, media, and telecom (TMT) companies.

Scope

This report looks at the state of India’s TMT sector as well as its tech-driven automobile sector. It contains analysis of India's IT services, consumer electronics, ecommerce, mobile payments, and social media markets, along with the video streaming, TV broadcasting, gaming, telecoms, and automotive industries. There are market forecasts for each of these segments, and analysis of the leading companies.

Key Highlights

The TMT industry is an essential part of the Indian economy. The government has bolstered the digital ecosystem by courting foreign investment and introducing digitalization policies. Indian IT services vendors are the flag-bearers for the country’s TMT sector and have grown to be as big as their global counterparts. 

Indians are increasingly buying smartphones. According to GlobalData, 45% of them had a smartphone in 2020, and by 2025, 71% will own one. Millions of Indians are now connected to the internet, with the cost of access coming down all the time. GlobalData forecasts reveal that almost half of the Indian population had a mobile internet subscription in 2020, and by 2025, 81% will be connected, equivalent to 1.1 billion people. Indians have adopted digital ways of shopping, socializing, watching movies, and playing, with the pandemic only increasing adoption. These shifts have created enormous opportunities for domestic and foreign players in ecommerce, mobile payments, social media, video streaming, and gaming.

Reasons to buy

India is an increasingly important market for TMT companies. This report provides invaluable insight into this potentially lucrative theme, including details of the leading companies and market forecasts for fast-growing segments like ecommerce, mobile payments, and video streaming.

Companies mentioned

Accenture 

Activision Blizzard 

ADP 

Airbnb 

Alibaba 

Alphabet 

Amazon 

ANI Technologies (Ola Cabs) 

Apple 

AT&T 

Axis Bank (Freecharge) 

Balaji Telefilms (ALTBalaji) 

Bharti Airtel 

Booking Holdings 

BrainBees (Firstcry) 

BSNL 

Bundl Technologies (Swiggy) 

Bytedance (TikTok) 

Capgemini 

CGI 

Cognizant 

Comcast 

Daimler 

Discovery (Discovery Plus) 

Electronic Arts 

EPAM Systems 

Epic Games 

ErosSTX (Eros Now) 

Facebook 

Ford 

Galactus Funware (MPL) 

Gametion 

General Motors 

Genpact 

Glance (Roposo) 

HCL Technologies 

Hexaware 

Hinduja Group (Ashok Leyland) 

Huawei 

Hyundai Motor 

IBM 

Imagine Marketing (BoAt) 

Infosys 

Inshorts 

Intex 

Karbonn Mobiles 

Krafton 

Lava 

Lenskart 

LG Electronics 

LTI 

Mahindra & Mahindra 

MakeMyTrip 

Mango Games 

Maruti Suzuki 

Micromax 

Microsoft 

MobiKwik 

Mohalla Tech (ShareChat) 

Mphasis 

Nazara Technologies 

NEC 

Netflix 

Network 18 (Hathway) 

Noise 

Nykaa 

Octro 

One97 Communications (Paytm) 

Oppo 

Oyo Rooms 

People Group (Shaadi.com) 

Realme 

Reliance Industries 

Robosoft 

Samsung Electronics 

Sea 

Softbank 

Sony 

Studio nCore 

Tata Sons 

TCS 

Tech Mahindra 

Tech4Billion Media (Chingari) 

Tencent 

The Times Group (MX Pkayer) 

Toyota 

Trendsutra (Pepperfry) 

Twitter 

Uber 

Urban Company 

Valve 

Verse Innovation (Dailyhunt) 

ViacomCBS 

Vivo 

Vodafone Idea 

Volkswagen 

Vu Televisions 

Walmart (Flipkart) 

Walt Disney 

Wipro 

Xiaomi 

Zee Entertainment 

Zomato 

ZTE 

Zynga