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India’s domestic IT spending to increase by 11.9 per cent in 2019, says Coeus Age Consulting

January 04, 2019
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According to a report by Coeus Age Consulting, India’s domestic IT spending is estimated to increase by 11.9 per cent to Rs 2.59 trillion in 2019. This can be primarily attributed to digital spending by enterprises and the government.

As per the report, the domestic IT spending grew by 11.5 per cent in 2018, against a prediction of 11.6 per cent at the beginning of the year.

The proportion of digital spends in overall IT spending is estimated to increase to around 30 per cent in 2019, observing a growth of 29 per cent over 2018.

Meanwhile, the spending on commoditised traditional hardware and software products, such as PC, server, storage, networking, and in-premise enterprise software, is estimated to increase by almost 4 per cent.

Further, the report highlighted that there is growing interest among enterprises towards exploring the latest digital technologies such as artificial intelligence (68 per cent), big data analytics (60 per cent), machine learning (46 per cent), and internet of things (40 per cent). This is evident in many industry verticals such as banking, financial services and insurance (BFSI), automobile, healthcare, infrastructure, utilities, oil and gas.

The report is based on inputs from 108 chief information officers/IT heads of large and medium-sized Indian enterprises.

 

 
 
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