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 Gartner

Must Read

Why cybersecurity threats have increased during Covid-19 pandemic

Cybersecurity industry has never had more significant task to carry out than guarding strategic associations and businesses from digital assaults during the coronavirus pandemic

How to choose an effective DDoS mitigation plan

There are several flavours from which to choose when selecting an effective DDoS mitigation strategy. Most enterprises opt for one of the protection flavours (always-on or on-demand)

Ensuring brand protection against cyber attacks

Companies across all industries and sizes must make sure that they are protected and safeguarded against all forms of today

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.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

Leave a Reply

*The moderation of comments is automated and not cleared manually by techobserver.in. Embedding of any link and use of abusive or unparliamentary language are prohibited.
- Advertisement -

Latest in TECH

Related Articles