MarketBite

Indian ICT spending

Posted on: November 11, 2011


India information and communication technology (ICT) spend is forecast to reach $71. 9 Billion in 2011, a 10.3 percent increase from 2010 spending of $65.23 billion, according to Gartner, Inc.

Hardware is the fastest growing segment with a compound annual growth rate (CAGR) growth of 20.4 percent through 2014.

IT services is showing the strongest annual revenue growth at 22 percent in 2010 while the telecom segment, that is forecast to account for 73 percent of the Indian ICT market in 2010, is witnessing a slowdown and is set to grow at 13.2 percent growth (see Table 1). Double-digit growth across all sub segments of the ICT space will drive the growth this year.

Table 1. IT End-User Spending Forecast, India, 2009-2014

2009 2010 2011 2012 2013 2014 CAGR  2009-2014
Hardware ($M)

 

6,388 7,558 9,290 11,152 13,257 16,152 20.4%
Software ($M)

 

2,112 2,421 2,768 3,124 3,521 3,960 13.4%
IT Services ($M)

 

6,223 7,591 8,774 10,181 11,815 13,691 17.1%
Telecommunications ($M)

 

42,100 47,664 51,097 54,487 58,178 61,668 7.9%
Total ICT ($M)

 

56,823.5 65,233.9 71,927.9 78,943.8 86,770.4 95,470.6 10.9%

 

CAGR = compound annual growth rate
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