Indian ICT spending to grow at 14.1% in 2010 : Gartner

IT spending to reach $67 billion in 2010

samirsachdeva

Samir Sachdeva | April 28, 2010



IT spending in India will reach $67 billion in 2010, an increase of 14.1 percent from 2009 as per the report,Emerging Market Analysis: IT, India, 2010 and Beyond released by Gartner.

The IT market in India is expected to grow 11 percent from 2009 until the end of 2013, with IT services growing faster than all other segments at 17.6 percent. Telecommunications will have the slowest growth, increasing 9.1 percent during the same period.

According to Gartner, India continues to be a vastly under-penetrated IT market relative to its potential. As IT buyers expand and mature and consumers increasingly understand the benefits of IT, acceptance of technology will increase, leading to further IT market growth. The Indian government's focus on infrastructure projects with IT dimensions will be a strong driver for overall IT growth within the country.

At the same time, manufacturing in India is increasing, and it is expected to show strong growth from 2008 through 2013. Other Industries to watch for growth include communications, utilities and retail.

The domestic IT services sector, at $6.1 billion, accounted for more than 10 percent of the overall domestic ICT market in India in 2009, and is expected to witness the strongest growth at 17.6 percent among the four sectors through 2013. Gartner estimates the domestic IT services market in India will grow 17.6 percent, accounting for nearly 19 percent of the overall domestic ICT market in India by 2013.

 

 

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