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IT firms eye new markets in Japan, China, Germany

Stricter regulations in US forces industry to look at these countries with a market size of $300 bn

Ayan Pramanik  |  Berngaluru 

The Indian information technology (IT) services sector is looking beyond its primary market, the US — at Germany, Japan and China, to expand its business.   The $150-billion sector gets about 60 per cent of its revenue from the US. Now, it’s looking at Germany, Japan and China as strategic markets, as these together have opportunities of about $300 billion, said the National Association of Software and Services Companies (Nasscom).   The market size for the sector in the US is about $400 billion. Indian firms have made a significant impact on it. However, since the ...

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First Published: Sat, May 20 2017. 22:58 IST
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