According to Brand Finance, the Indian IT consultancy firm Tata Consultancy Services (TCS) has become the world’s second most valuable brand in the information technology (IT) services sector, while Accenture remains the world’s most valuable and strongest IT services brand.
According to the brand valuation consultancy’s newest Global 500 IT Services Ranking study, Infosys has emerged as the fastest growing IT services brand, with a 52% increase in brand value since last year and an 80% increase since 2020 to US$ 12.8 billion, putting it in third place.
TCS and Infosys have moved IBM from second to fourth place. IBM’s brand value is now US$ 10.6 billion, down 34% from last year and 50% since 2020.
Apart from TCS and Infosys, four more Indian firms are listed among the top 25 IT services brands: Wipro (7th), HCL (8th), Tech Mahindra (15th), and L&T Infotech (22nd).
This is an extraordinary achievement for the Indian IT sector and more is to come…