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Our Bureau

Bangalore, Sept.11 IT end-user spending in India is expected to grow at a compounded annual growth rate (CAGR) of 14.8 per cent from 2007 through 2012 to generate $110 billion in 2012, according to forecast made by Gartner.

In 2008, IT end-user spending is on pace to reach $64.7 billion, a 17.2 percent increase from 2007.

This prediction, supplemented by a robust gross domestic product (GDP) averaging 8.08 per cent growth from 2007 through 2012, means the Indian market continues to represent a significant growth opportunity for IT vendors.

India is poised for double-digit growth across many vertical markets, with financial services and communications organisations spending the most on IT, closely followed by services, manufacturing and government.

“Indian businesses continue to invest in IT in order to drive operational excellence and innovation,” said Mr Naveen Mishra, senior research analyst at Gartner. “Small and midsize businesses (SMBs) will drive the growth of various IT-related industries, with the critical involvement of value added resellers, distributors and retailers. Additionally, the Indian government’s pro-business policies and their own increasing use of IT will continue to build confidence among local companies seeking to invest in and use IT.”

By 2012, Gartner predicts that the Indian market will ship nearly 24 million PCs, of which more than 50 per cent will be mobile PCs While desk-based PCs are expected to represent 46.1 per cent of the total market, the rest will be mobile PCs. However, Gartner expects that the rapid growth of mobile PCs will outstrip the share of desk-based PCs in the home segment.

The Indian server revenue market is poised for 6.3 per cent CAGR from 2007 through 2012.

The total software market in India will reach $3.4 billion by 2012. Demand from vertical markets, which see IT as a core business enabler such as banking, finance and insurance will drive the software market in India. By 2012, the telecommunications services market in India is expected to reach $52 billion growing at a CAGR of 26.8 per cent from 2007 through 2012.

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