Indian IT spending to grow 14 per cent in 2010: Gartner

Indian IT spending to grow 14 per cent in 2010: Gartner

The IT market in India, including computer hardware, software, IT services and telecom, was worth USD 58.7 billion in 2009, Gartner said in a statement. In 2013, the overall IT market will have risen to about USD 89 billion, posting a compounded annual growth rate of 11 per cent from 2009, it said. Of all the four segments, IT services will grow faster than the other segments at 17.6 per cent. Telecommunications will have the slowest growth of 9.1 per cent during the same period.

"The growth of India's IT industry has been driven largely by domestic consumption, which has left India less exposed than many emerging markets to global economic cycles," Gartner said. As IT buyers mature and consumers increasingly understand the benefits of IT, acceptance of technology will increase, leading to further growth of the IT market, it added.

The Indian government's focus on infrastructure projects with IT dimensions will be a strong driver for overall growth of the sector within the country, Gartner said in a statement. The Indian PC market is expected to grow by 19 per cent in 2010 and by more than 21 per cent in 2011.

The Indian server market will reach USD 551 million in 2010, registering a growth rate of 6 per cent compared to 2009. Software spending in India is projected to grow 12.9 per cent through 2013. The Indian IT security market is forecast to grow more than 20 per cent in 2010, it added.

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