Hyderabad is a rapidly growing city, especially when it comes to its IT industry. In the last 10 years, Hyderabad IT has seen an unprecedented boom in IT companies and technological development, creating thousands of jobs and opportunities for people in the city. From multinational giants to homegrown startups, Hyderabad has become a hub for IT innovation and growth, leading to its emergence as one of the leading IT destinations in the country.
Here are some key developments and statistics about Hyderabad’s growth in the IT sector over the past 10 years:
Growth in Hyderabad IT exports:
Hyderabad has seen significant growth in IT exports over the past decade. According to the Telangana State IT and Industries department, the IT exports from the state of Telangana, of which Hyderabad is the capital, grew from $6.3 billion in 2010-11 to $18.9 billion in 2019-20.
Increase in the number of IT companies:
Many big IT companies have set up their operations in Hyderabad over the past decade. According to the Telangana State IT and Industries department, there are over 1500 IT companies operating in Hyderabad.
Hyderabad is home to many big industries and IT companies. Some of the major ones include:
Infosys:
Infosys is a global leader in consulting, technology, and outsourcing solutions. The company has a large development center in Hyderabad.
Tata Consultancy Services (TCS):
TCS is a multinational information technology service and consulting company. It has a large presence in Hyderabad.
Amazon:
Amazon is the world’s largest online retailer. It has a large development center in Hyderabad that works on various projects related to Amazon Web Services (AWS), Amazon Prime Video, and more.
Microsoft:
Microsoft is a multinational technology company that has a large development center in Hyderabad. The company works on various projects related to Windows, Office, Azure, and more.
Wipro:
Wipro is an Indian multinational corporation that provides information technology, consulting, and business process services. It has a large presence in Hyderabad.
Google:
Google has a development center in Hyderabad that works on various projects related to Google Cloud, Google Ads, and more.
Cognizant:
Cognizant is an American multinational corporation that provides digital, technology, consulting, and operations services. It has a large presence in Hyderabad.
IBM:
IBM is an American multinational technology company that has a large presence in Hyderabad. The company works on various projects related to cloud computing, artificial intelligence, and more.
Deloitte:
Deloitte is a multinational professional services network that provides audit, tax, consulting, enterprise risk, and financial advisory services. It has a large presence in Hyderabad.
Accenture:
Accenture is a multinational professional services company that provides services in strategy, consulting, digital, technology, and operations. It has a large presence in Hyderabad.
Employment generation:
The growth in the IT sector has led to significant employment generation in Hyderabad. According to the Telangana State IT and Industries department, the IT sector in Telangana employees over 6.5 lakh people, and the majority of them are located in Hyderabad. The city has also seen the rise of start-ups in the IT sector, which has created many job opportunities for local talent.
Development of Hyderabad IT companies infrastructure:
The government of Telangana has invested heavily in developing the IT infrastructure in Hyderabad over the past decade. The city has several IT parks, such as HITEC City, which provide world-class infrastructure and facilities to IT companies.
In conclusion, Hyderabad has seen significant growth in the IT sector over the past decade. The city has emerged as a major IT hub in India, attracting many big companies and generating significant employment opportunities. The government’s focus on developing IT infrastructure has also helped to create a conducive environment for the growth of the IT sector in Hyderabad.
