India Will be Among the World's Top 10 Tech Markets in 2025: Report
Bengaluru(The Uttam Hindu): India is set to be among the top 10 tech markets in the world by 2025, particularly in terms of talent availability, with the country's top six cities already featuring in the top 10 list for tech talent acquisition in the Asia-Pacific region. The Asia Pacific region is fast emerging as a global tech talent hub, with three of the world's top 10 locations being located in India (Bengaluru), Japan (Tokyo) and China (Beijing), a Colliers report said.
Arpit Mehrotra, Managing Director, India Office Services, Colliers, said, “India is a powerhouse of tech talent and a key player in the global innovation ecosystem, supported by the availability of skilled talent and employment opportunities in tier-1 and emerging cities in the country.”
India's leading tech cities account for 69 per cent of the total tech talent in the Asia Pacific region. Bengaluru and Hyderabad, which host the region's largest talent clusters, continue to lead tech leasing activity and nearly 50 per cent of the demand for traditional office space in the first half of 2025 will be met by these two markets.
Mehrotra further added, “With the availability of high-quality office space, strong IT infrastructure and cost competitiveness, India's office market will continue to feature prominently among the top destinations for technology-led global economic expansion.” The report analysed over 200 global markets based on talent acquisition, venture capital (VC) funding, labour index, talent pipeline and sector structure.
India is one of the top destinations for tech talent in the Asia Pacific region as well as globally. The report found that Bengaluru and Hyderabad remain the preferred tech destinations in India, followed by other key markets, all attracting global tech companies with the availability of skilled talent and a mature tech ecosystem.
Technology sector occupiers continue to drive demand for office space across India's top seven cities, which has driven demand for Grade A spaces across both conventional and flex spaces over the last few years.
During the first half of 2025, tech companies leased over 10 million sq ft of office space across the top seven cities, capturing 40 per cent of the demand for conventional space. In flex space too, nearly half of the demand came from tech companies.
Global Competence Centres (GCCs) are driving the momentum in India's commercial real estate sector, particularly in the technology sector. With an emphasis on innovation, scalability and cost efficiency, India has established itself as a global hub for GCC expansion.
Vimal Nadar, National Director and Head of Research, Colliers India, said, “India continues to be a preferred destination for global companies, especially those in the technology sector, with GCCs steadily evolving from traditional back-office functions to strategic innovation hubs. In H1 2025, tech occupiers contributed 41 per cent of total GCC leasing, or 5.2 million sq ft. Interestingly, Bengaluru, Delhi-NCR and Hyderabad collectively contributed over 85 per cent of this demand.”