Between 2019 and 2022, 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 18.6% of global greenfield FDI projects.

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 55.3% of total software and IT services FDI projects.

The leading destination country for software and IT services FDI is India. Germany, US and the UK 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.

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With respect to outbound FDI, the US was the leading software and IT services source market. US-based companies held a 32.9% share of total outbound software and IT services FDI projects. The UK, Germany, France and India 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.