Suyati Technologies
  • Services
    • Custom Development
    • Salesforce
    • Analytics
    • Enablers
      • RPA
      • Cloud
      • Testing as a Service
  • Intel
    • Blog
    • eBooks
    • Webinars
    • Case Studies
  • About Us
    • Leadership Team
    • Our Story
    • Testimonials
  • Careers
  • Contact Us
Suyati Technologies
  • Services
    • Custom Development
    • Salesforce
    • Analytics
    • Enablers
      • RPA
      • Cloud
      • Testing as a Service
  • Intel
    • Blog
    • eBooks
    • Webinars
    • Case Studies
  • About Us
    • Leadership Team
    • Our Story
    • Testimonials
  • Careers
  • Contact Us
Suyati Technologies > Blog > IT Spend in India to Scale New Heights!

IT Spend in India to Scale New Heights!

by admin October 17, 2012
by admin October 17, 2012 0 comment

Gartner reports that India is slated to register an astounding growth of 7.7% from $66.4 bn projected in 2012 to $71.5 bn in 2013 even though overall global IT spend is expected to remain stagnant. Other emerging economies like Africa, Brazil and China are also expected to follow suit.
The Indian IT market, for the first time in its history, is likely to register tremendous increase in the services and software sectors in the coming year. The overall services spend in the country which is expected to touch $9.2 bn by the end of 2012 may touch $16 bn by 2016, says Gartner.
What do these figures imply? IT outsourcing is on a roll! MNCs are becoming increasingly receptive to outsourcing!
The Information and Communication Technology (ICT) market of India has always seen more growth in the hardware and telecom segments. The latter enjoys 67% of the overall Indian ICT market and is anticipated to grow by 7% in 2013.
Peter Sondergaard, Gartner’s Senior VP and global head of research remarks: “India, like other emerging markets, continues exercising strong momentum despite inflationary pressures and appreciation of local currencies, which are expected in rising economies.”
Partha Iyengar who heads research for the Indian operations of Gartner expects Indian IT sector to exceed the 11%-12% growth predicted by National Association of Software and Services Companies (NASSCOM). He further advises the Indian IT companies to focus on their sales and marketing efforts.
Analyzing the cases of the US and Western Europe, Gartner says that globally IT budgets are either flat or growing at a very slow pace. Even then the IT spends are moving towards newer technology options like cloud, mobile and social collaboration. In spite of the flat budgets, technology continues to be the main activity for business as spends branch out.
It is good news for the Indian IT sector although it’s been a roller-coaster ride for the country’s economy amidst inflation and Rupee depreciation.
Yes, India has emerged as the favorite IT outsourcing destination for MNC’s globally.
At Suyati Technologies, our main aim is to help you redefine your return on investment in Information Technology. Whether you engage with us via fixed price or time and material models, or try out our Dedicated Global Teams specifically created for you as an extension of your in-house team, you can create develop, innovate, support and maintain your software development at a much lower cost. Our experts help you develop and manage applications related to mobile applications, cloud computing and content workflow management systems.
To know more, contact us today!

Source :

http://www.business-standard.com/india/news/indian-it-spend-to-swell-to-72-bn-by-2013-says-gartner/489241/
http://articles.economictimes.indiatimes.com/2012-10-10/news/34363314_1_peter-sondergaard-cloud-market-technology-researcher

Global Trends in ITIT outsourcingIT Spend in India
0 comment
1
FacebookTwitterLinkedinTumblr
previous post
Market value of cloud services in India galloping to new heights
next post
A Hidden Thorn in the Rosy World of Mobile Apps – Info Insecurity

You may also like

A Sneak Peek of the Salesforce Winter ’24...

September 13, 2023

Optimize Your Performance Using Performance Testing

September 13, 2023

Streamlining Sanity Testing with Playwright Automation

September 5, 2023

The sky’s the limit: top 5 Cloud Computing...

September 5, 2023

Accelerate your success with the power upgrade to...

August 8, 2023

Which Salesforce License Should You Opt for? ISVForce...

August 2, 2023

Boosting Efficiency with Power Automate Desktop

August 1, 2023

Stay ahead of the competition by keeping your...

July 26, 2023

Salesforce Increases Price After a Seven-year-long Hiatus: What...

July 25, 2023

Cloud migration is the future. With Salesforce, you...

July 18, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Keep in touch

Twitter Linkedin Facebook Pinterest

Recent Posts

  • A Sneak Peek of the Salesforce Winter ’24 Release Updates

    September 13, 2023
  • Optimize Your Performance Using Performance Testing

    September 13, 2023
  • Streamlining Sanity Testing with Playwright Automation

    September 5, 2023

Categories

  • Twitter
  • Linkedin
  • Facebook
  • Instagram
  • Services
    • Custom Development
    • Salesforce
    • Analytics
    • Enablers
      • RPA
      • Cloud
      • Testing as a Service
  • Intel
    • Blog
    • eBooks
    • Webinars
    • Case Studies
  • About Us
    • Leadership Team
    • Our Story
    • Testimonials
  • Careers
  • Contact Us

© 2023 Suyati Technologies


Back To Top
Suyati Technologies

Popular Posts

  • Say Hello to WordPress Twenty Fifteen

    January 20, 2015
  • Celebrating 6 years of happiness & success at Suyati

    March 4, 2015
  • Forrester Suggests Moving Beyond Buckets for Cloud Services

    April 14, 2015
  • Episerver's Spring Release, and the road ahead post merger

    June 5, 2015
  • SUYATI STEP – A STEP AHEAD

    July 3, 2015
© 2023 Suyati Technologies

Read alsox

How Artificial Intelligence is becoming the core of the future

June 29, 2017

Advantages of moving to an enterprise E-Commerce CMS

October 21, 2016

The changing face of Industries due to Machine Learning

November 28, 2018
Suyati Logo

Leaving So Soon?

Know more about business technology platforms for your enterprise.

Thank you!

We're glad to have you as part of our community. You'll start receiving updates shortly. Please feel free to contact us anytime with feedback or suggestions.

By continuing to use this website you agree with our use of cookies. Read More Agree