Journalism of Courage
This is an archive article published on October 24, 2024
Top 10 most valuable IT services brands 2024: India leads with 4 firms
Top 10 most valuable IT services brands 2024: Tata Consultancy Services (TCS) is the second most valuable IT services brand, showcasing a tremendous 11% growth in brand value, achieving USD 19.2 billion.
Here are the top 10 most valuable IT services brands in 2024, with India dominating and securing four spots in the rankings. (Representational Image)
Top 10 most valuable IT services brands worldwide in 2024: In recent years, the acceleration of digitization and the rise of emerging technologies such as AI, cloud computing, and data analytics have reshaped industries globally in 2024.
Unseen yet omnipresent, information technology (IT) services companies are at the helm of this transformation today; they’re playing a pivotal role in driving modern organizations by supporting business operations and providing the infrastructure, platforms, and tools.
The global IT services sector has been experiencing consistent growth, projecting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2030, according to Grand View Research.
Additionally, Statista forecasts that global revenue in the IT services market will increase by a total of $458.6 billion (a 32.28 per cent rise) between 2024 and 2029.
With a total brand value of around USD 155 billion, the IT services industry is far from flattening and is thriving instead; 15 of the top 25 IT services companies globally are seeing a brand value increase, according to Brand Finance’s Global 500 IT Services Ranking.
What is brand value?
Brand Finance defines ‘brand value’ as the present worth of earnings associated with a brand’s reputation. This means that organizations must manage these earnings by owning trademark rights.
Top 10 most valuable IT service brands in 2024:
Brand Value Change 2023-2024 in Percentage (Source: Brand Finance 2024)
According to Brand Finance’s recently released 2024 Global 500 IT Services Ranking, Accenture has emerged as the most valuable IT services brand in 2024, witnessing a 2% increase in brand value and reaching $40.5 billion in brand value in 2024.
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Accenture’s growth has been driven largely by robust ecosystem partnerships, a skilled workforce, and a commitment to responsible AI practices, reinforcing its global presence in the industry.
Following Accenture is homegrown IT trendsetter Tata Consultancy Services (TCS), the second most valuable IT services brand, which has shown a tremendous 11% growth in brand value, achieving USD 19.2 billion.
Interestingly, along with TCS, three Indian IT services brands have also featured in Brand Finance’s Top 10 IT Services Ranking 2024.
| Rank | Company | Country | Brand Value (INR) | Brand Value (USD) |
| 1 | Accenture | US | ₹3,362,962M | $40,502M |
| 2 | TCS | India |
₹1,591,292M
|
$19,165M
|
| 3 | Infosys | India |
₹1,180,084M
|
$14,213M
|
| 4 | IBM Consulting | US |
₹1,004,425M
|
$12,097M
|
| 5 | Capgemini | France |
₹847,961M
|
$10,213M
|
| 6 | NTT DATA | Japan |
₹741,615M
|
$8,932M
|
| 7 | Cognizant | USA |
₹717,600M
|
$8,643M
|
| 8 | HCLTech | India |
₹628,840M
|
$7,574M
|
| 9 | Wipro | India |
₹477,946M
|
$5,756M
|
| 10 | Fujitsu (IT Services) | Japan |
₹359,353M
|
$4,328M
|
Source: Brand Finance
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Furthermore, India-based Infosys has positioned itself as one of the leading names in IT services, recording the highest compound annual growth rate (CAGR) in brand value over the last five years among its peers, according to the report.
This year, Infosys’ brand value ascended by a remarkable 9.3% to USD 14.2 billion, making it the world’s third most valuable IT services brand.
Similarly, HCLTech experienced notable growth, with its brand value climbing 16% to USD 7.6 billion, ranking it among the five fastest-growing IT brands and making it the fastest-growing brand among the top ten largest IT companies this year.
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