According to Wipro Infotech, Wipro Ltd's India and Middle East IT business, it has been named leader in the Managed IT Services market in a report by Springboard Research, a leading market research firm.
The report titled, Indian Managed IT Services Market, provides comprehensive insights along with practical outcomes for the Indian managed IT services market from an end-user and supplier perspective.
The report says the IT managed services market in India is expected to gross $3.8 billion in 2013 from $1.6 billion in 2009, growing at a CAGR of 22.8 per cent, which is higher than the overall IT services growth rate.
The report says Wipro has the highest market share in India.
With its significant focus on large customer acquisitions with specific domain centric solutions Wipro has catapulted itself to its leadership position in Managed Services the report says.
The company has built a healthy pipeline across industry verticals and strengthened its position with strategic deals and launching new solutions, the company said in a statement.