According to a forecast by Gartner, there is expected to be 6.6{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be} increase in the IT spending in India for 2020.
Gartner has forecasted that the IT spending in India will total US$94 billion in 2020, up from US$88.5 billion in 2019, which is an increase of 6.6{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be}.
2020 will be a rebound year for India’s IT spending as consumers return to purchasing mobile phones after sitting on the sidelines in 2019. Additionally, business spending on IT grew 6{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be} in 2019 and is expected to increase 9{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be} in 2020, helping to drive growth across all segments,”
John-David Lovelock, Research VP, Gartner.
Strong growth in total software spending will be driven by enterprise application software which is forecast to grow 17{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be} in 2020. The expected increase in overall business spending will help drive 16{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be} growth in enterprise mobile phone spending in 2020, pushing growth in the devices segment to 6.3{95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be}
| 2019 Spending | 2019 Growth ({95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be}) | 2020 Spending | 2020 Growth ({95328d58e7f9e3e54ea8d2b4dc0d5643e4ddd71e34bd972defa4643c55aab0be}) | |
| Data Center Systems | 3,726 | 2.7 | 3,819 | 2.5 |
| Software | 6,383 | 13.6 | 7,354 | 15.2 |
| Devices | 33,379 | -2.4 | 35,468 | 6.3 |
| IT Services | 15,786 | 12.0 | 17,897 | 13.4 |
| Communications Services | 29,203 | -0.1 | 29,788 | 2.0 |
| Overall IT | 88,476 | 2.0 | 94,326 | 6.6 |
Source: Gartner (November 2019)