Domestic IT services mkt to be worth $13.6 bn

Government spend on e-governance to drive domestic market

PTI | October 26, 2010



The fast growing Indian domestic IT services market is expected to be worth nearly USD 14 billion in the next four years, courtesy increased government spending, according to research group Gartner.

"The country's domestic IT services market is expected to see a Compounded Annual Growth Rate (CAGR) of 16 per cent by 2014, which would make that market worth USD 13.6 billion," Gartner's Senior Research Analyst Arup Roy told PTI.

In 2009, the domestic IT services market was worth about USD 9 billion. Generally, this market comprises products and professional services.

According to Roy, large government spending in areas such as e-governance would drive IT services market in the country.

Higher consumer spending would boost the economic growth, which in turn is expected to increase the demand for IT services, he said.

A recent Gartner report on IT services in Asia-Pacific region, co-authored by Roy, said that large government and defence projects would continue to drive IT services uptake in 2010 and 2011.

"e-governance and e-government projects, a national identity programme and large-scale digitisation programmes both at the central and state level should create IT services demand," it noted.

According to Gartner, IT management services would grow in areas such as data centre, business continuity/disaster recovery, security and networks as many domestic organisations are focusing on IT infrastructure efficiency.

Roy said the growth would also provide good opportunities for small and medium domestic IT players.

 

Comments

 

Other News

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter