By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
According to Aman Munglani, the principal research analyst of Gartner, India's economy recorded a GDP growth of more than 6% during the recent global economic crisis. "The growth of India's IT industry has been driven largely by domestic consumption, which has left India less exposed than many emerging markets to global economic cycles," says Munglani.
Some of key Indian IT spend predictions outlined by Gartner are:
- The domestic IT services sector, at $6.1 billion, accounted for more than 10% of the overall domestic ICT market in India in 2009, and is expected to witness the strongest growth at 17.6% among the four sectors through 2013.
- The Indian PC market will grow by 19% in 2010 and 21% in 2011. Enterprises are in the process of lowering their PC acquisition costs by evaluating technologies like desktop virtualization, hosted virtual desktops, server-based computing and blade PCs.
- The Indian server market will reach $551 million in 2010, showing a growth rate of 6% from 2009. x86-based servers and blade adoption will be few of the biggest drivers for the server market in India. Virtualization is yet another driving factor, with midsized companies showing potential in the next three years.
- Revenue in the Indian external-controller-based storage market will reach $319 million in 2013, which will grow to 14% from 2009 to 2013. Network-attached storage will grow 22% over the same period. Telecom, finance and manufacturing will continue to account for the bulk of IT spends in disk storage during the forecast period. Repeat business within these verticals will provide a substantial opportunity for shipments.
- Software spending in India is projected to grow 12.9% by 2013. Virtualization, enterprise content management, data integration tools, database management and project and portfolio management tools will see significant IT spending.
- Cloud computing will witness a lot of hype around it. However, the adoption rate is not very encouraging. Large organizations and government verticals will be seen evaluating the technology.
- Enterprises will not go for green IT just for the sake of corporate social responsibility. Driving factors will be saving floor space, optimum use of the existing resources, and saving storage space. Delaying the procurement of storage will be the key factor for IT spends in this area. Technologies like thin provisioning, data deduplication, virtualization will be in demand as part of the green IT spend agenda.
- Also, security is gaining momentum as the market is expected to grow more than 20% in 2010. The focus of IT security spends has shifted from single-point solutions, such as antivirus software, to more holistic suite solutions such as intrusion prevention systems and endpoint security solutions.