Market Report, "India Information Technology Report Q3 2016", published
Fast Market Research recommends "India Information Technology Report Q3 2016" from Business Monitor International, now available
[USPRwire, Sun Jun 12 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 in terms of rising household incomes - and the low penetration rates for devices and solutions. The retai l hardware market will deepen marked ly, driving PC volume growth, while also indirectly supporting enterprise investment in software and services. We forecast IT spending CAGR of 11.0% over 2016-2020 to almost INR3.6trn .
Latest Updates And Industry Developments
Computer Hardware: INR1.2trn in 2016 to INR1.7trn in 2020, corresponding to a compound annual growth rate (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: INR310bn in 2016 to INR484bn in 2020, corresponding to a CAGR of 11.8%. An underpenetrated market will be deepened by supply of cloud services, with huge potential in the small-and-medium-sized enterprise segment, and verticals such as financial services will be lucrative for vendors of more complex solutions.
Full Report Details at
IT Services: INR837bn in 2016 to INR1.4trn in 2020, corresponding to a CAGR of 14.3%. Strong momentum 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).
BMI Industry View
Summary of BMI’s key industry forecasts, views and trend analysis covering IT, regulatory changes, major investments and projects and significant national and multinational company developments.
Industry SWOT Analysis
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