Indian IT Market To See A Jump Of 6.9% To $12.9 Billion: IDC
Aadhya Khatri - Dec 01, 2018
IDC (International Data Corporation) in India reported that the Indian IT market is growing at an impressive rate and that will remain in the future.
- This Indian Lake Is Filled With Hundreds Of Human Skeletons And Experts Don't Know How They Got There
- India Will Use Satellites To Protect Its Land And Sea
- Tripura, India Has Constructed Its First-Ever Plastic Road
According to an IDC Asia Pacific’s report, this year is predicted to see an increase of 6.9% to $12.9 billion in the Indian IT and business market.
The Semi-annual Services Tracker, 1H 2018 by IDC reported that in 2019, Indian market could rise by 7.9% to $13.9 billion. The report states that the growth is fueled by the Indian economy's recovery in the first two quarters of 2018. This bounce back after the weak 2017 has given rise to government expenditure on technology initiatives and also the business sector’s spending on developing digital technologies.
The recovery of economy is also driving increased demand for some services such as system-upgrading, which is anticipated to contribute greatly to the IT Services market in the upcoming one to two years.
IDC also reported that IT Consulting, Hosted Application Management, Hosting Infrastructure Services, and Application Management will outpace other services.
Ranganath Sadasiva, director of IDC India's Enterprise Practice, claims that IT Services played a vital role in speeding up the adoption of interdependent trends in computing platform, which is also known as the third platform. He was confident that demand for prominent technologies, including the Internet of Things, Automation, Cloud, AI, and Machine Learning would be edged up in the next 3 to 5 years.
Ranganath Sadasiva
IDC made an estimate that the Indian IT Services segment would enjoy an 8.2% growth jump to $13.7 billion from 2017 to 2022.
Sandeep Kumar Sharma, who is in charge of researching the software and IT services markets in India for IDC, stated that the cyber threats would account for the rise of demand for security services in the first two quarter in 2018. This increase is expected to be 20.7% between 2017 and 2022.
He said that the lack of awareness for cybersecurity and the scarcity of skilled professionals in this filed would stimulate the growth of demand for security services in the next 1 to 2 years.
Featured Stories

ICT News - Mar 02, 2021
New ‘Deep Nostalgia’ AI Allow Users To Bring Old Photos To Life

ICT News - Mar 02, 2021
Bill Gates Prefers Android To iOS And Here Is His Reason

ICT News - Mar 01, 2021
UK Gambling Commission Orders Revision Of Slot Game Design

ICT News - Feb 26, 2021
Apple M1 MacBook Is Self-Destructive And May Not Last A Year, Users Report

ICT News - Feb 25, 2021
Australia Passed New Law That Requires Facebook And Google To Pay For News Content

ICT News - Feb 25, 2021
Build Your Own App And Earn Money With The Complete Android 11 Developer Bundle

ICT News - Feb 24, 2021
Apple Buys 3 To 4 Companies Per Week, Tim Cook Says

ICT News - Feb 24, 2021
You Can Now Watch Netflix Even Without An Internet Connection

ICT News - Feb 23, 2021
Jeff Bezos Stopped Mukesh Abmani's $3.4 Billion Deal To Protect His Dominance

ICT News - Feb 23, 2021
Huawei Moved Into Pigs Farming As Smartphone Sales Dip
Read more

Mobile- Mar 03, 2021
Redmi Note 10 Pro Price & Key Specifications Leaked Online
The Redmi Note 10 Pro will be one of the first phones in the Redmi Note product line to feature an AMOLED panel, but you might have to pay extra for that.

Features- Mar 03, 2021
TikTok China Banned Users From Making Videos To Show Off Wealth
Douyin, also known as TikTok globally, announced that it would ban six types of content including content to show off wealth for “improper value.”

Features- Mar 01, 2021
India Will Use Satellites To Protect Its Land And Sea
India successfully launched the Sindhu Netra satellite that will help the Navy and security agencies monitor suspicious ships operating in this region.

Gadgets- Mar 03, 2021
This TV Costs Rs 2.9 Crore, What Makes It Crazy Expensive?
For starters, the TV measures 165 inches, and its screen is made with MicroLED technology. The Rs 2.9 crore cost does not include installation fees.

Mobile- Mar 03, 2021
Google Just Launched An Underwater Photo Mode To Android
The new feature will help users capture better photos and videos underwater. It will also display the water temperature and underwater depth.

Mobile- Mar 01, 2021
6 Best Upcoming Smartphones In India With Impressive Specifications
It's March and we will welcome more smartphones this year. These are the best upcoming smartphones in India with impressive specs for you to buy.
Comments
Sort by Newest | Popular