According to research firm Core Quandrant, the market for technologies such as cloud, mobility and analytics in India is expected to reach $10 billion by 2020. The spending is expected to grow at a cumulative average growth rate of over 24 per cent from about $3.3 billion as against the overall IT growth of 11.7 per cent.
The research firm emphasises that 2015 is going to be crucial in the digital journey of the enterprises as the industry is at a point when adoption of SMAC (social, mobility, analytics and cloud) moves from ?casual flirting? to ?deeper building? of individual pillars and more enterprises enlist digital as their innovation and growth engine. In fact, going forward, out of every $4 spent on IT by Indian enterprises and the government, $1 will be invested in SMAC.
