India IT spending to grow 9.2% to $87 bn in 2108: Gartner

Financial services

IT spending in India is expected to grow 9.2 percent in 2018 to touch $87.1 billion from an estimated spending of $79.7 billion in 2017, according to Gartner.

In 2017, IT spending growth will be 14.2 percent, Gartner said.

Annual growth of communications services in 2018 will be 3.5 percent, while that of data center systems will be 3.1 percent.

Devices segment will demonstrate 13 percent growth while enterprise software and IT services will grow 15.3 percent and 13.8 percent respectively.

“Digital disrupters are emerging in all industries. Indian CIOs must urgently utilize digital transformation. They must build the momentum to scale and create value by amplifying the power of their people, their organization culture and their technology platforms to deliver breakthrough value,” said Ganesh Ramamoorthy, managing vice president, Gartner India.

Baburajan K from Gartner Symposium, Goa

editor@infotechlead.com