According to a report released by Gartner, despite the global economic challenges, IT spending in India by enterprises will increase by 9.1 per cent in 2012.
IT spending in India is projected to total $79.8 billion in 2012, against $73.1 billion in 2011.
The research firm has attributed this to the fast paced growth in India’s telecommunications space and the growing adoption of devices such as smartphones and tablet computers, especially in tier 2 and tier 3 cities.
According to a Gartner analyst, ?A lot of new IT infrastructure is being bought in tier 2 and tier 3 cities, both in the enterprise and retail segments. Moreover, the 2G spectrum scam has not had any sizeable impact on IT spending in the space.?
According to the report, 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, while software spending will total $3.2 billion.
According to Gartner, worldwide IT spending will reach nearly $3.7 trillion by current year end. Of this, emerging economies such as India, China, Brazil and others will account for $1.013 trillion.
Going forward, Gartner has identified three forces, namely cloud computing, social media computing and information explosion that will change the way businesses will be conducted.
