Info-tech

IT spending may touch $71 b next year

Our Bureau Mumbai | Updated on March 12, 2018 Published on October 22, 2013


IT spending in India is projected to rise by 5.9 per cent to $71.3 billion in 2014 from $67.4 billion forecast for 2013, research firm Gartner has said.

The IT services segment would record the strongest revenue growth at 12.1 per cent, while software revenues are expected to will grow by 10 per cent.

“The long-term growth projections of the Indian market continue to be positive. India is still a vastly under-penetrated market and growth within smaller towns and cities will continue to provide growth for IT vendors across categories, with the consumer market and the small business segment driving this. The rising disposable income and greater consumer awareness are other factors driving the growth of the Indian IT market,” said Partha Iyengar, Gartner India head of research.

CIO priorities

Mobility, cloud and social are among the top 10 Indian CIO priorities for 2013, Gartner said.

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Published on October 22, 2013
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