in

Indian Enterprise IT Spending Will Grow 10.3 % in 2012, Retail to Drive the Growth

Indian enterprise IT spending across all industry markets is forecast to surpass $39 billion in 2012, a 10.3 percent increase from 2011 spending of $36 billion, according to Gartner, Inc. The growth of IT in India is expected to continue, with an annual increase to exceed this level through to 2015.

“The Indian enterprise market is quite distinct from other markets in Asia/Pacific. The retail industry is expected to achieve the strongest growth in percentage terms in 2012, where IT spending is forecast to grow 11.8 percent. Recent decisions to allow 100 percent foreign direct investment (FDI) in single brand retail, and up to 51percent in multi brand retail, are expected to provide the sector with a significant boost in terms of IT usage and adoption. Selection of partners with deep vertical expertise will be crucial to success.”

 

2010

2011

2012

2013

2014

2015

2010-2015 CAGR (%)

Banking & Securities

4.5

5.2

5.6

6.2

7.1

8.0

11.6

Communications, Media & Services

5.5

6.3

6.8

7.5

8.4

9.3

10.3

Education

0.8

0.9

1.0

1.1

1.2

1.4

12.3

Government

5.0

5.8

6.6

7.3

8.3

9.3

12.5

Healthcare Providers

0.9

1.1

1.1

1.2

1.2

1.3

5.9

Insurance

1.2

1.4

1.5

1.6

1.9

2.1

9.8

Manufacturing & Natural Resources

5.7

6.6

7.3

8.1

9.1

10.1

11.2

Retail

1.4

1.7

1.9

2.1

2.4

2.7

12.8

Transportation

1.5

1.7

1.8

2.0

2.3

2.6

11.6

Utilities

1.1

1.3

1.4

1.6

1.8

2.0

12.3

Wholesale Trade

0.8

1.0

1.0

1.1

1.3

1.4

9.7

Grand Total

28.5

32.9

36.0

39.7

45.0

50.2

11.2

Discuss

Loading…

0

Comments

0 comments

Is That You? [Which is Which and Who is Who]

Japan Based NTT Com to Acquire 74% Stake in Netmagic Solutions