India's information technology (IT) spend is projected to touch $176.3 billion in 2026, rising 10.6 per cent from 2025, and outpacing the 9.8 per cent growth expected globally, according to the latest forecast by Gartner Inc., a business and technology insights company.
HCLTech expects its recent large acquisitions to contribute about 1.5 per cent to revenue in 2026-27 (FY27), Chief Executive Officer and Managing Director C Vijayakumar said, as the company looks to build newer revenue streams in a subdued macroeconomic environment.
'The way the attacks are coming has become much stronger and much wider because of AI.'
Taming the animal called AI in its many avatars will clearly remain a work in progress.
'When global politics has some intervention on the core software one uses, and if you are cut off from your own data in critical workflows, sovereignty is no longer optional. It becomes a necessity.'
'Historically, many chief financial officers have not been comfortable with investing today for indirect value in the future.' 'This reluctance can skew investment allocation to tactical versus strategic outcomes.'
The shortage of semiconductors globally is expected to persist through 2021 and recover to normal levels by the second quarter of 2022, which will constrain the production of many electronic equipment types this year, according to research firm Gartner. Semiconductors play a crucial role in everything, right from computers to appliances, communication devices, transportation systems to critical infrastructure. The breakout of the COVID-19 pandemic had temporarily disrupted semiconductor shipments.
The draft digital personal data protection (DPDP) rules, which require banks to obtain explicit consent from their customers before using their data for purposes beyond the original intent, although is being followed in spirit, leaves no room for regulatory arbitrage, experts said. They said that the potential business impact is difficult to assess at this stage, but the formalisation of these rules will mean banks now need to establish clear data processing agreements with third-party entities to ensure compliance.
IT spending in India is expected to touch $101.8 billion in 2022, up 7 per cent from this year, according to research firm Gartner. India's information technology (IT) spending across areas like communication services, data centre systems, IT services and software is expected to grow 10.8 per cent to $95.1 billion in 2021 from $85.8 billion in the preceding year. Gartner Research vice-president Arup Roy said, "The digital transformation trajectory that began as a pandemic response is here to stay for the next few years. "India has experienced one of the fastest recoveries despite being one of the worst-hit regions in the second wave of the pandemic in early 2021."
The outage raised broader concerns about the dependency on a few large tech companies controlling critical platforms.
Skills like social media, e-mail marketing, SEO (search engine optimisation) and PPC (pay per click) will be essential in 2025, says Sachin Alug, CEO, NLB Services.
A tablet has larger displays than mobile phones and usually have user-friendly touch interface.
The second-quarter performance of the top five information-technology services firms gives the hint that slow growth has bottomed out on the back of discretionary spending kicking in for the sector's largest vertical - the banking and financial services. However, concern about the macro-environment continues to be a challenge. Among the top four - Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro - it is Bengaluru-based Infosys that has performed the best and that was evident in its full-year revenue guidance.
The 2.1 percentage point reduction mainly reflects the impact of recent fluctuations in US dollar exchange rates.
Research firm Gartner Dataquest said on Thursday that while there would be occasional backlash on outsourcing towards Indian IT companies, no long-term damage was anticipated due to these "temporary anomalies".
IT spending in India is projected to rise 6 per cent to $81.9 billion in 2021 compared to this year on the back of growth across segments like enterprise software and IT services, research firm Gartner said on Monday. IT spending in 2020 is expected to total $79.3 billion, down 8.4 per cent from 2019. "The COVID-19 pandemic stalled many digital transformation projects for Indian enterprises, mainly because of the market uncertainties and reduced cash flows," Gartner research vice president Arup Roy said.
In the next 3-5 years, the industry that is likely to experience the greatest benefit from smartglasses is field service, potentially increasing profits by $1 billion annually, Gartner Research Director Angela McIntyre said.
"These results reflect marked reductions in expected near-term unit growth based on expectations of weaker consumer mobile PC demand, in no small part because of the near-term weakness expected in China's mobile PC market, but also because of a general loss in consumer enthusiasm for mobile PCs," Gartner Research Director Ranjit Atwal said in a statement.
India has made major improvement in international and domestic long-distance services in 2004 despite a complex regulatory environment, uneven field and limited competition, according to global research firm Gartner.
Global IT research major Gartner Inc is buying out IT consulting firm META Group for $162 million, in an all-cash transaction at $10.00 per share.
India will remain the highest growth market for telecommunications in the Asia-Pacific region with around 35 million new subscribers in 2005, marking a 18 per cent increase from 2004.
Gartner India Research and Advisory Services Pvt Ltd, a subsidiary of Gartner Inc, is talking with five state governments to provide IT consultancy services and advices for the states' Citizen to Government Initiatives.
The Indian government has spent over $1 billion on infotech last year, accounting for 9 per cent of the country's total IT spend, according to the estimates of research and advisory firm Gartner.
Gartner is of the opinion that Indian IT industry will not suffer a slowdown, even in face of US recession.
The IT spending in India is projected to total $71.5 billion in 2013, a 7.7 percent increase from the $66.4 billion forecasted for 2012, according to Gartner, Inc.
International bandwidth prices from India are five times more expensive compared to hub routes like Singapore-Hong Kong and Singapore-Tokyo, making it the least competitive among the emerging markets.
Gartner's new forecast indicates mobile PC shipments are on pace to reach 162 million units in 2009, a 15.4 per cent increase over 2008.
Large enterprises fuelled by the boom in IT and outsourcing services will drive the demand for telecom services in India, but the country must improve the quality of its corporate data services, IT research firm Gartner said.
After two quarters of positive growth, worldwide PC shipments totalled 92.2 million units in the fourth quarter of 2011, a 1.4 per cent decline from the same quarter last year, according to Gartner, an information technology research and advisory firm.
A computer with NPU can handle a wide range of tasks directly on personal devices without relying on a Cloud service.
The market will be worth $10.2 billion in 2013 from an estimated $9.1 billion in 2012. As companies grow in size and scale, the market is likely to see larger IT services deals.
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IT market is forecast to grow 2.8 per cent in dollar terms and 5.1 per cent in constant currency from 2012, Gartner said in a statement.
Top five India-based IT services providers grew 23.8 per cent last year compared to 7.7 per cent growth logged by the overall global IT services market, research firm Gartner said on Monday.
Figure revised to three per cent from 2.5 per cent projected last quarter; telecom services market continues to be the largest in IT spending.
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