Most active FDI companies in the software and IT services industry

Accenture has been the most active software servicing greenfield investors between Q1 2019 and Q3 2023, according to GlobalData’s FDI Projects Database.

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 in the foreign location. Other forms of foreign direct investment, such as mergers and acquisitions, are not included as part of this definition.

The majority of Accenture’s investments were in the business applications and development services subsector. In fact, 81.8% of its total foreign investment was in this sub-sector. It also created projects across a further 7 sub-sectors.

By business function, the majority (51.8%) of Accenture projects were related to business and professional services. R&D and headquarters were the second most popular operations performed by Accenture.

The company has been active across nine world regions, mainly focused on Western Europe, which received 36.4% of the company’s greenfield investments between Q1 2019 and Q3 2023. Its top three destination countries (by number of greenfield FDI projects) were France, the United States and India. Together, these three countries account for 34.4% of its total software and IT services investments.

Accenture created more FDI projects in 2019 compared to any other year between Q1 2019 and Q3 2023.

Other leading FDI project generators in the software and IT services industry include Microsoft, Alphabet, Globant and Nippon Telegraph and Telephone.

The US is the leading source market for outbound software, servicing green FDI projects. The country accounts for 32.6% of total outgoing software and it services investment projects. There have been 2254 unique US parent companies that have announced software servicing FDI projects between Q1 2019 and Q3 2023.

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To further understand the top biotech FDI companies, access GlobalData’s Top Biotech FDI Companies report.


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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 worldwide in real time. The data can be used to analyze companies’ cross-border expansion activities and identify industry, thematic and geographical trends.