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Indian IT Market to Hold Second Position in the IT Market within the Next 4 years

Wednesday, November 4, 2015

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As per a recent research by Gartner, India will climb to the second position in the IT market by 2019. India has been one of the fastest growing markets in the IT industry on a global scale. Research director at Gartner, Aman Munglani is of the opinion, “India will continue to be the fastest growing IT market for the second year in succession and will continue growing to total $87.67 billion by the end of 2019. India is currently the third largest IT market in Asia Pacific, and by 2019 India will become the second-largest IT market within the Asia/Pacific region, following China.”

The research has made the estimation that there is going to be approximately a 7.2 % rise in IT spending in 2016 as compared to 2015 and India’s IT spending  will rise up to $72.3 billion in 2016. The chief motivating force behind this IT spending growth is the emergence of digital business.

The areas in which the growth has been predicted are in Devices, Data Center, IoT, Software and Security and Risk. The research predicts that Devices which includes Computers, laptops, Mobile phones, Tablets will account for approximately 33% of the IT expenditure in India. Software will have an approximate growth of 12.7 %. IoT will have an approximate growth of $ 2.5 million per minute. Security and Risk sector will have an expenditure which will be triple the expenses of 2014

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