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SMEs boosting Indian IT spend: IDC

New Delhi- July 28, 2012: Market analyst International Data Corporation (IDC) says Infotech spending in India is slated to grow at a comfortable 16.3 percent this year, with a sharp increase in the contribution of the ‘small guys’ . A new research report, released last week -- India IT Market Overview Report 2012-- finds that traditional verticals such as BFSI, Communication & Media, Government, Manufacturing and IT/ITeS continued to be the highest spenders in 2011 with moderate Compoundedc Annual Growth Rate (2010-2015) of 14%-18%. Retail & Wholesale, Energy & Utilities, and Healthcare witnessed tremendous growth (>23%) in IT spending. The trend is expected to continue.India is witnessing a phenomenal increase in SME spending on IT says IDC: 38% of Enterprise IT spending in 2011 was by the SME segment. The proportion is expected to grow to 43% by 2015. Investments on emerging technologies such as Social Media, Cloud, Mobility and Big Data are on the rise.
The total IT market is expected to grow to $ 43.57 billion in 2012, up from $ 37.46 billion in 2011. Despite lesser than expected GDP growth figures in 2011-2012, followed by a similar trend in the quarter ending June 2012, India still commands a high growth rate, next only to China among the BRIC countries - and higher than several developing economies.
However Rupee depreciation and high inflation have slowed down consumer spending - but this is expected to be a temporary phenomenon.
Says Ravi Sharma, Research Manager, Consulting Group, IDC India: "Cautious optimism will continue to be the order of the day for most enterprises. However, this is not expected to reduce IT investments. It merely indicates that future investments will undergo intense scrutiny and that effective financial and risk management will gain priority in the days to come. Market driven policies pertaining to e-Governance, Financial Inclusion and Youth-driven Entrepreneurship are enabling rural development. Sector driven policies in the areas of Infrastructure, Manufacturing and Retail have steered industry growth. Political initiatives are increasingly driving demand for IT Hardware”.
In recent days, Infosys, Wipro, TCS and HCL have announced their quarterly results – with the first two performing less well than expected, and the last two exceeding their targets… suggesting a mix of good times, bad times for India-brand IT.




    


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SMEs boosting Indian IT spend: IDC
by Nik on December  07,  2012
  "from what I know, all the brands you mnoeinetd Micromax, Karbonn Mobiles, Spice Mobiles Ltd, Videocon Industries Ltd and Lava International all import Shanzai' phones, or the like, from China and rebrand them here, such as phones made by Longcheer in China. So I would not call them manufacturers. If anything th1 17% increase in cheap phones import represents two things1. a potential for an ecosystem similar to the shanzai' phones (mediatek chip + mediatek crappy OS + zillion of enclosure manufacturers) to evolve in India, hopefully using more well thought through OS such as android, and2. that the bigger brands seem to have uncomfortably high margins. Given how big these companies are, with major presence in the West, possibly most of these revenues are used up in servicing overheads and advertising expenditure. Very Silly. their days are numbered unless they do something exclusive, like apple"
     
SMEs boosting Indian IT spend: IDC
by Nik on December  07,  2012
  "from what I know, all the brands you mnoeinetd Micromax, Karbonn Mobiles, Spice Mobiles Ltd, Videocon Industries Ltd and Lava International all import Shanzai'' phones, or the like, from China and rebrand them here, such as phones made by Longcheer in China. So I would not call them manufacturers. If anything th1 17% increase in cheap phones import represents two things1. a potential for an ecosystem similar to the shanzai'' phones (mediatek chip + mediatek crappy OS + zillion of enclosure manufacturers) to evolve in India, hopefully using more well thought through OS such as android, and2. that the bigger brands seem to have uncomfortably high margins. Given how big these companies are, with major presence in the West, possibly most of these revenues are used up in servicing overheads and advertising expenditure. Very Silly. their days are numbered unless they do something exclusive, like apple"
     
SMEs boosting Indian IT spend: IDC
by high quality backlinks on July  18,  2014
  "wQXGMR wow, awesome blog post.Much thanks again. Will read on..."
     
SMEs boosting Indian IT spend: IDC
by high quality backlinks on July  18,  2014
  "wQXGMR wow, awesome blog post.Much thanks again. Will read on..."
     
SMEs boosting Indian IT spend: IDC
by crorkz matz on   04,  2014
  "A1xyyx Im obliged for the article post.Much thanks again. Awesome."
     
SMEs boosting Indian IT spend: IDC
by crorkz matz on   04,  2014
  "A1xyyx Im obliged for the article post.Much thanks again. Awesome."
     
SMEs boosting Indian IT spend: IDC
by crorkz on January  16,  2015
  "L9Xbb9 There is obviously a bunch to identify about this. I feel you made various nice points in features also."
     
SMEs boosting Indian IT spend: IDC
by crorkz on January  16,  2015
  "L9Xbb9 There is obviously a bunch to identify about this. I feel you made various nice points in features also."
     
SMEs boosting Indian IT spend: IDC
by crorkzz on   03,  2015
  "1sjgND My family members always say that I am killing my time here at net, but I know I am getting knowledge daily by reading such good posts."
     
SMEs boosting Indian IT spend: IDC
by crorkzz on   03,  2015
  "1sjgND My family members always say that I am killing my time here at net, but I know I am getting knowledge daily by reading such good posts."