It's the second time Nasscom has projected single-digit growth in a decade.
Reflecting an immense growth potential, India's Enterprise Application Software market stood at $39.4 million on 2002 constituting six per cent of Asia Pacific EAS market, according to Gartner Dataquest.\n\n\n\n
PC shipments have grown around 11.8 per cent over 2001, Vinod Nair, research analyst, hardware platforms, Gartner India said in a release while adding the large spenders continue to be finance, banking and telecom verticals.
India has been named as the top country for delivery of offshore Business Process Outsourcing services among large companies.
The Asia Pacific electronics industry continued to flourish despite the SARS outbreak, though the slowdown caused by the Iraq war did have an impact on the industry, according to Gartner.
Economic growth and strong offerings by computer assemblers will drive the demand for personal computers, expected to grow at 18 per cent, in the country in 2003, according to Gartner Dataquest study.
The firm projected that revenue is set to reach $24.5 billion in 2016, with mobile advertising revenue creating new opportunities for app developers, ad networks, mobile platform providers, specialty agencies and even communications service providers in certain regions.
Energy and utility companies are shedding their conservative approach to business. They have started adopting new technologies to be more efficient and to save cost.
Stock market crash: TCS sheds $21 billion in market capitalisation, Infosys $7 billion and Wipro around $3 billion
The late entrant is banking on rapid launches, focused distribution and higher localisation to get 5 million of the market this year. Will it succeed?
Personal computer shipment to India grew 19.5 per cent to cross 2.5 million units in 2003 with HP securing the top slot with a 9.6 per cent overall market share followed closely by HCL at 9.1 per cent in terms of units shipment.
'When users sign up for free apps and services, they are giving up data. They fail to realise the impact of their data in the public domain, which is something that corporations have been monetising on for some time now.'
Mobile phone sales across the world totalled 435 million units in the second quarter of 2013.
Murthy comes at a time when the company is losing market share, profitability, and has lost control over predictability of the business.
The widely-rumoured Apple iPhone 5 is scheduled to make an appearance on 12 September, Nokia-Microsoft, too, is allegedly launching new smartphones and Samsung has already released a new Windows 8 phablet (phone that masquerades as a tablet).
Worldwide IT outsourcing (ITO) revenue totalled $246.6 billion in 2011, a 7.8 percent increase from 2010 revenue of $228.7 billion, according to Gartner, world's leading information technology research and advisory company.
Few companies evolve quickly enough and innovate consistently enough to retain leadership for meaningful periods.
The worldwide mobile phone sales totaled nearly 426 million units in the first quarter of 2013, a slight increase of 0.7 per cent from the same period last year.
India's enterprise software market is forecast to maintain its strong performance, with an estimated compound annual growth rate of 14.6 per cent from 2011 to 2016 -- the highest growth rate in the world, the technology researcher said.
All five major segments of IT spending are expected to grow in 2013.
According to the latest outlook by IT research and advisory firm Gartner Inc global IT spending is forecast to a total of USD 3.6 trillion in 2011, a 5.1 per cent increase from the previous calendar year.
Analysts have identified the top 10 cutting-edge technologies and trends for 2012.
Personal Computer (PC) shipments in Asia Pacific region declined by 2.6 per cent to 30.3 million units in the second quarter of 2012 compared to the same period in the previous calendar year, Gartner said on Friday.
Even as worldwide smartphone sales touched 115 million units in the third quarter, a rise of 42 per cent compared to the year-ago period, the growth in sales dropped to seven per cent compared to the second quarter, says research firm Gartner.
India's domestic IT services market ranks third in Asia/Pacific.
All the major multinational PC vendors experienced double-digit growth in mobile PC shipments in the first quarter of 2011.
Media tablets are expected to displace around 10 per cent of PC units by 2014, according to Gartner.
Artificial Intelligence will create 2.3 million machine learning jobs by 2020.
The enterprise software market is projected for continued growth in 2011 with revenue forecast to reach $246.6 billion.
High-end devices become target of virus and malware writers.
IT research company Gartner Inc has identified 10 mobile technologies that will evolve significantly through 2011 in ways that will impact short-term mobile strategies and policies.
Research firm Gartner today reported that worldwide IT spending will touch $3.350 trillion--an increase of 3.9 per cent from 2009. However, it simultaneously lowered its outlook for the IT industry from the first quarter of this calendar year, when it had forecast worldwide IT spending to grow 5.3 per cent. This is primarily due to the devaluation of the euro versus US dollar since the beginning of the year.
As the TCS management claimed, growth is becoming broad-based with most of its verticals delivering either flat or positive growth in this quarter.
Manufacturers such as LG and Samsung pursued market share in a low-margin market but this approach proved risky,as shown by LGs decline of 27.8 per cent in ASP in the second quarter of 2010.
Even client computing is projected to take a hit as personal computer projects are postponed or scaled back this year, rather than getting cancelled outright, because of tighter budgets. Industry-wise, insurance, media and consumer business services' client computing plans were on track, while companies involved with telecommunications, wholesale and agriculture, mining and construction sectors are most likely to reduce spending.
Repeat business from existing clients is not coming easily and companies are still in the process of building digital capabilities
Smarpthone sales to end users reached 54.3 million units, an increase of 48.7 per cent from the first quarter of 2009.
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