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Technology / AI and automation

Indian IT spending to touch $79.8bn in 2012: Gartner

Garner predicts that IT spending in India would increase by 9.1% in 2012 compared with 2011 to touch $79.8 bn, despite the gloomy global economic scenario.

India notwithstanding its mild dips in 2008 and 2009 due to global recession, would continue with its strong growth pattern, the research firm said.

Gartner forecasts that worldwide IT spending will reach nearly $3.7 trillion in 2011, of which emerging economies will account for $1.013 trillion.

Gartner senior vice president Peter Sondergaard said businesses are increasingly looking to IT to help support the challenges of enhancing customer support, supply chain management, optimising business processes or helping drive innovation in the business.

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The telecom market is the largest IT segment in India with IT spending forecast to reach $54.7bn in 2012, followed by the IT services market with spending of $11.1bn.

The report said that computing hardware market and software spending in India is expected to touch $10.7bn and $3.2bn, respectively, in 2012.

Adding that "Global politics and the global economy are being shaped by IT," Sondergaard said, "IT is a primary driver of business growth. For example, this year 350 companies will each invest more than $1bn in IT. They are doing this because IT impacts their business performance."

Gartner estimates that while $74bn was spent on public cloud services in 2010, which is only 3% of enterprise spending, public cloud services would grow five times faster than overall IT enterprise spending at 19% annually through 2015.

Sondergaard believes with 1.2 billion people on social networks, which is 20% of the world’s population, "social computing is in its next phase."

He expects by 2014 private app stores will be deployed by 60% of IT organisations.
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CBR Staff Writer

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