India is the leading destination market for greenfield software and it services FDI, while the US is the top source market. GlobalData’s software and it services foreign direct investment (FDI) report highlights the current trends in software and it services foreign investments. Buy the report here.
Between 2019 and 2023, the software and it services sector was the largest FDI sector in terms of the number of greenfield investments. The software and it services sector accounts for 18.2% of global greenfield FDI projects.
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Greenfield foreign direct investment is when a company invests abroad to establish a new physical presence or expand an existing operation. Greenfield investments create jobs and/or involve a capital investment into the foreign location. Other forms of FDI, such as mergers and acquisitions, are not included as part of this definition.
Combined, the top ten destination countries account for 54.7% of total software and it services FDI projects.
The leading destination country for software and it services FDI is India. The US, UK and Germany are also popular software and it services investment hubs.
According to GlobalData’s FDI Projects database, United States-based companies were the leading source of greenfield software and it services investments into India.
With respect to outbound FDI, the US was the leading software and it services source market. US-based companies held a 32.5% share of total outbound software and it services FDI projects. The UK, Germany, India and France are also top source markets for software and it services FDI.
To further understand global software and IT services foreign direct investment trends, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s FDI Projects Database records greenfield FDI throughout the world in real-time. The data can be used to analyse company cross-border expansion activities as well as identify industry, thematic and geographic trends.
