IBM Global Services, business and technology services provider has emerged as the largest vendor in the IT Services market in India with a market share of 10.8 per cent, according to a research report.

Springboard Research, infotech tracking firm in its report titled 'India IT Services Competing for Tomorrows Market' ranked Wipro and TCS-CMC in the second and third place, with a market share of 8.7 per cent and 6.1 per cent respectively.

The Indian IT services market is estimated to be 4.8 billion dollar.
IBM continues to be the leader as it continued the momentum this year by signing some major contracts in emerging verticals like retail, healthcare and insurance along with further consolidating its position in telecom & government sectors, it said.

Wipro has recorded the highest growth of all established vendors in 2008 with more than 43 per cent growth over it 2007 revenues.

Other players in the top ten are HP-EDS, HCL, Datacraft, Satyam and Siemens Information Systems Limited (SISL).

The overall market showed clear preference for vendors with end-to-end services portfolio, execution capabilities and the ability to combine software, hardware and consultancy, said the firms analyst Sudip Saha.