Indian IT spending is projected to grow by 9.2% to $87.1 billion in 2018

IT spending in India is projected to grow by 9.2% to $87.1 billion in 2018 from this year, said research firm

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Sanjay Singh
Sanjay Singh
Sanjay Singh covers startups, consumer electronics and telecom for TechObserver.in

IT spending in India is projected to grow by 9.2% to $87.1 billion in 2018 from this year, said research firm . IT spending across areas like IT services, communications services, datacentre systems, devices and enterprise software is estimated to touch $79.7 billion in 2017, said a statement from Gartner.

“The IT buying landscape is changing. Digital business transformation is creating connected platforms and new industry revenue streams,” Gartner India Managing Vice President Ganesh Ramamoorthy said. He added that ‘digital disruptors’ are emerging in all industries including traditional grocery markets and consumer durables.

Enterprise software and IT services continue to exhibit strong growth, with devices segment continuing to drive the majority of overall IT spending in India. Software spending is projected to grow 15.3% in 2018 to reach $5.7 billion, while IT services spending is on pace to grow by 13.8% in 2018 to reach $14.3 billion. The devices segment is expected to register an increase of 13% in 2018.

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