The Indian healthcare industry is expected to shift digitally enabled remote consultations via teleconsultation. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. Cloud Professional Services Market Business Strategy is based on Industry Share, Size and Top Leaders: Deloitte, Wipro Limited, Tech Mahindra Limited, Accenture plc, Hewlett Packard Enterprise, Dell Inc. (EMC) ... impact assessment to the Cloud Professional Services market size rate of growth in several scenarios, and therefore the measures to be undertaken by Cloud Professional Services … Privacy Policy. Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. While large companies may operate globally or within a specific region, many business services firms serve smaller geographic areas near their headquarters. Nikkei India Services Purchasing Managers' Index (PMI) stood at 41.8 in August 2020, reflecting the highest reading since March 2020 before the coronavirus pandemic accelerated; however, it is still below the neutral mark, indicating a fifth consecutive decline in business activity in the private sector. According to RBI data, in April 2020, service exports stood at Rs 1,254.09 billion (US$ 17.06 billion) while imports stood at Rs 709.07 billion (US$ 9.65 billion). Copyright document.write(new Date().getFullYear());, Hoover's, Inc., All Rights Reserved. Press release - Orion Market Reports - Business Management Consulting Services Market Huge Growth, Trends, Analysis and Forecast - 2025 - published on Service activity moves towards recovery, September PMI at... Pradhan Mantri Jan-Dhan Yojana (PMJDY) - National Mission for Financial... Cooperation, Collaboration and Commitment will guide the strategic... Over 85000 water conservation structures and more than 2.63 lakh rural... MOU signed between NeGD and CSC E-Governance Services India Limited making... IBEF Blog - INDIA ADDA – PERSPECTIVES ON INDIA, India to offer production-linked incentives to boost manufacturing, India's Promising New Agricultural Policy, COVID-19 Vaccine development: Update from India, Rural India Digitization – A box of Opportunities, Indian packaging industry riding on the e-commerce wave, Ministry of Commerce & Industry, Government of India. The low barrier can result in intense competition among small companies, which not only compete with each other, but also with much larger, established companies with more resources. The Government of India has adopted few initiatives in the recent past, some of these are as follows: Services sector growth is governed by domestic and global factors. Login / Retrieve Password, Copyright © 2010-2020 India Brand Equity Foundation, All material, information, data, images or content on this website is subject to copyright or other applicable intellectual property laws and no part of it can be reproduced in any form (including paper or electronic form) without prior written consent and approval from IBEF. Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same. India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction. For consent related queries and conditions, please write to, An initiative of the Ministry of Commerce & Industry, Government of India, ALERT : Javacript is either disabled OR not not supported by this browser. The services sector is not only the dominant sector in India’s GDP, but has also attracted significant foreign investment, has contributed significantly to export and has provided large-scale employment. Most segments of the industry feature low barriers to entry, as little capital investment is required to start businesses such as landscaping, pest control, or staffing firms. While large companies may operate globally or within a specific region, many business services firms serve smaller geographic areas near their headquarters. As a result, the industry can be expected to grow fastest in emerging economies in Africa and the Asia/Pacific region. The rapid rise in the volume of enterprise data and automation of business processes across several industries such as retail, manufacturing, healthcare, and transportation is expected to drive the growth. IT Support Services Market Size 2020 By Share, Industry Statistics, Trends Evaluation, Business Challenges and Investment Opportunities Analysis till 2026 Published: Nov. 24, 2020 at 12:47 a.m. The pandemic lockdown across the country has brought economic activity to a near halt. By 2023, healthcare industry is expected to reach US$ 132 billion. In August 2020, Japan committed ~Rs 35 billion (US$ 476.11 million) under the Official Development Assistance for the health sector to fight the COVID-19 crisis in India and improve resilience of India’s health systems against infectious diseases. This is the largest continuous fundraise by any company in the world. Europe and the US are the primary markets for business services. How... With more than 600 million internet users in 2019, India is one of the largest and the fastest growing markets for digital consumers. India’s digital economy is estimated to reach US$ 1 trillion by 2025. Charter & Other Nonscheduled Air Transportation Services, Internet Publishing, Broadcasting & Search Portals, Surveillance, Investigation & Security Consulting Services. Services sector’s GVA grew at a CAGR of 1.45% to US$ 1,064.8 billion in FY20 from US$ 1,005 billion in FY16. Note: Conversion rate used for September 2020 is Rs 1 = US$ 0.01370, References: Media Reports, Press Releases, DPIIT publication, Press Information Bureau, Note: P - Provisional, * As per second advance estimates.

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