IT spending in India is likely to total
$79.8 billion in 2012, a 9.1 percent increase from 2011 spending of $73.1
billion, according to Gartner.
Despite global economic challenges,
enterprises will continue to invest in IT.
India like other emerging markets continues
exercising strong momentum despite inflationary pressures and appreciation of
local currencies, which are expected in rising economies. Gartner’s forecast
shows that worldwide IT spending will reach nearly $3.7 trillion in 2011. From
this amount, emerging economies will account for $1.013 trillion.
“Businesses are increasingly looking to IT
to help support the challenges of enhancing customer support, supply chain
management, optimizing business processes or helping drive innovation in the
business,” said Peter Sondergaard, senior vice president at Gartner and
global head of Research.
“These demands are being placed on IT in an
environment in which the infrastructure (hardware and software) foundation of
IT within many enterprises may not be entirely in place. IT is also in
transition from being viewed as a back-office support function to a frontline
business-focused function,” Sondergaard added.
The telecommunications market is the
largest IT segment in India with IT spending forecast to reach $54.7 billion in
2012, followed by the IT services market with spending of $11.1 billion. The
computing hardware market in India is projected to reach $10.7 billion in 2012,
and software spending will total $3.2 billion.
The days when IT was the passive observer
of the world are over. Global politics and the global economy are being shaped
by IT. IT is a primary driver of business growth. For example, this year 350
companies will each invest more than $1 billion in IT. They are doing this
because IT impacts their business performance.
Two-thirds of CEOs believe IT will make a
greater contribution to their industry in the next 10 years than any prior
decades.
“For the IT leader to thrive in this
environment, IT leaders must lead from the front and re-imagine IT. IT leaders
must embrace the post-modern business, a business driven by customer
relationships, fueled by the explosion in information, collaboration, and
mobility,” said Partha Iyengar, vice president and distinguished analyst at
Gartner and head of research in India.
This new era brings with it urgent and
compelling forces. They include: the cloud, social, mobility, and an explosion
in information.
By Telecomlead.com Team
editor@telecomlead.com
