IT sector: Why deal sizes are shrinking for top Indian IT companies

The average deal size for information technology (IT) service providers in India and globally has shrunk to as low as $25 million over the last few years, according to analysts. This is on account of macroeconomic headwinds and the disruption caused by generative artificial intelligence (GenAI), which are pushing clients to seek greater cost efficiencies, they said.Although the number of large and mega deal wins has risen in FY23, analysts said