India Information Technology Report Q2 2016 - New Study Released
New Computer Technology research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Thu Apr 21 2016] We have a bullish outlook for India's IT market over the medium term based on a combination of a strong economic growth forecast, partic ularly rising household incomes and the low penetration rates for devices and solutions. The retail hardware market is expected to deepen considerably, which will drive PC volume growth, while also indirectly supporting enterprise investment in software and services through strong sentiment. The opportunity in India is large, even compared to other emerging markets in APAC, with much lower penetration rates, making it stand out as a medium- term growth prospect - and even beyond 2020. We forecast an IT spending CAGR of 11.0% over 2016-2020 to almost INR3.6trn in 2020 .
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Latest Updates And Industry Developments
Computer Hardware Sales: INR1.1trn in 2016 to INR1.7trn in 2020, corresponding to a CAGR of 8.3%. Rising incomes the foundation for robust medium term outlook, with further upside if computer hardware incentives are extended under the 'Make In India' initiative.
Software Sales: INR310bn in 2016 to INR484bn in 2020, a CAGR of 11.8%. Underpenetrated market will be deepened by supply of cloud services, with huge potential in the SME segment, and verticals such as financial services will be lucrative for vendors of more complex solutions.
IT Services Sales: INR837bn in 2016 to INR1.4trn in 2020. The services market has strong momentum and will be supplemented by the fast-expanding market for Internet of Things smart services over the medium term.
The India Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.
BMI's India Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in India.
Benchmark BMI's independent IT Industry forecasts for India to test other views - a key input for successful budgetary and strategic business planning in the Indian IT market.
Target business opportunities and risks in India's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in India.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
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