2014-04-02 15:39:02 - India Information Technology Report Q1 2014 - a new market research report on companiesandmarkets.com
India´s IT market continues to have a bright outlook over the medium term, making it one of the leading emerging markets. We forecast Indian IT spending will increase 14.4% to INR1,077bn in 2013, with strong growth in hardware, software and services sales. Hardware is a particularly large opportunity, with regionally low PC penetration, declining device costs, rising incomes and government procurement initiatives combining to provide an engine for sales growth. However, it is IT services that will be the outperformer in terms of growth rates, as has been the case traditionally in India´s IT market. Outsourcing firms are innovating and acquiring to expand product portfolios and generate non-linear growth, which should sustain the segment as a whole despite competition from
other low-cost locations.
Headline Expenditure Projections:
- Computer Hardware Sales: INR457.3bn in 2012 to INR526.7bn in 2013, +15.2% in local currency terms. The wider availability of low-cost tablets and laptops, rising incomes, increasing connectivity and government procurement for education are key drivers behind spending growth..
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