Friday, March 29, 2024
News

India IT spending to touch $105 bn in 2022: Gartner

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Monday, 2022 8:15:08 PM IST
The IT spending in India is set to reach $105.2 billion in 2022 -- an increase of 5.5 per cent from 2021, a new Gartner report showed on Monday.

Despite the potential impacts of the Omicron variant, economic recovery with high expectations for digital market prosperity will continue to boost technology investments in the country.

"2022 is a growth year as Indian CIOs accelerate their long-term digital initiatives, despite the ongoing Omicron scare in India," said Naveen Mishra, senior research director at Gartner.

Like their global peers, Indian CIOs will also be challenged with skills shortage, leading to increasing dependence on external services partners.

"This will bolster the spending on the IT service segment, forecast to increase by 9 per cent as compared to 2021," Mishra added.

Cloud-based software consumption will be one of the biggest contributors towards the 15 per cent growth in the software segment in India, whereas the pent-up demand for data centre technologies will bring 4 per cent growth to the data centre segment in 2022.

Cloud will be responsible for nearly all the 11 per cent spending growth within the enterprise software segment in 2022 as organisations focus on upgrading their software stack to software-as-a-service (SaaS) to support continued flexibility and agility.

Globally, IT spending is projected to total $4.5 trillion in 2022, an increase of 5.1 per cent from 2021.

--IANS na/ksk/

( 241 Words)

2022-01-24-14:02:03 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE SCIENCE NEWS
AI technique accurately predicts deadly ...
Researchers discover new approach to tre...
Researchers discover how gene mutation r...
Climate change disrupts vital ecosystems...
Study finds how ageing reduces ability o...
Israeli researchers uncover biological p...
More...
 
INDIA WORLD ASIA
Eknath Shinde's Shiv Sena releases first...
'Was unwell, not being given treatment,'...
Jailed gangster-turned-politician Mukhta...
'Three parties have allied directly...':...
Uttar Pradesh: Security tightened in Ali...
'My father was being given slow poison; ...
More...    
 
 Top Stories
Ten dead as taxi rolls down gorge o... 
ASI continues survey at Bhojshala C... 
Striking a Chord for Well-being: Sw... 
Sayani Gupta and Kunal Rawal Spill ... 
Miami Open: Alexander Zverev beats ... 
Westside Brings NCPA@thePark to Ben... 
"We need to establish some Dos and ... 
BigBloc Building Elements receive e...