Indian tech SME revenue to reach $40 billion by FY30, says Nasscom

Small and medium-sized enterprises (SMEs) in the Indian technology sector are expected to generate revenues of $35-40 billion by 2029-30 (FY30), a sharp uptick from $15-20 billion in FY23, according to a report by industry body Nasscom.

Digital tech SMEs — which offer cloud services, advanced analytics, and AI solutions — will account for 35-40 per cent of overall tech SME revenue by FY30, up from 21 per cent in FY23, the report said.

Overall tech industry revenue is expected to double to $500 billion by FY30. Traditional demand, the report says, will be outgrown by digital, and many