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Indian IT market to grow at 15.5 percent in 2010
By
SiliconIndia,Monday, 08 February 2010, 02:58 Hrs
New Delhi: The Indian IT market is expected to return to a 'new normal' after last year's turbulent economic environment, supported by financial stability, investor confidence, government initiatives and a shift towards a competitive and customer-oriented market structure. Springboard Research predicts that Indian IT Market is set to grow at around 15.5 percent for the year 2010.
Springboard observed a noticeable shift in enterprise IT spending from focusing on new investments to streamlining costs and improving internal efficiencies. "Organizations are likely to initiate new large?scale projects that require significant IT infrastructure related investments," said Manish Bahl, Research Manager at Springboard Research. "With the CIOs primarily focused on allocating around 75 percent of their budgets to 'keep the lights on,' there is great interest in cost-cutting measures."
According to Springboard's latest executive brief release, "India IT Market Predictions 2010," Data center transformations, IT manageability advancements, SaaS and virtualization investments are also helping companies drive 'economies of scale' by reducing operational expenditures, both from the business and IT perspective, while increasing productivity.
Springboard observed a noticeable shift in enterprise IT spending from focusing on new investments to streamlining costs and improving internal efficiencies. "Organizations are likely to initiate new large?scale projects that require significant IT infrastructure related investments," said Manish Bahl, Research Manager at Springboard Research. "With the CIOs primarily focused on allocating around 75 percent of their budgets to 'keep the lights on,' there is great interest in cost-cutting measures."
According to Springboard's latest executive brief release, "India IT Market Predictions 2010," Data center transformations, IT manageability advancements, SaaS and virtualization investments are also helping companies drive 'economies of scale' by reducing operational expenditures, both from the business and IT perspective, while increasing productivity.
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Reader's comments (3)
1: Sleep End,bottom reply maintain necessary
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Posted by: uebernachten guenstig - 24 Feb, 2010
2: With signs of recovery prevalent in the
market, it is obvious the IT industry will
show a good growth rate..
Posted by: Frank - 08 Feb, 2010
3:Sleep End,bottom reply maintain necessary
specific average general modern used roll
painting deep design point strike late
meanwhile train anything remove outcome mind
newspaper rock user step tool keep silence
positive state even few holiday pub down very
enough themselves affair metal grey type not
welcome fund funny commercial temperature
battle refer system channel complete continue
subject appoint compare bad rain wonder
strength report army occasion competition
level week continue potential family both
ring foreign all technique build gas
representative issue no-one particular press
quiet relation development
uebernachten guenstig replied to: Frank
post - 24 Feb, 2010
post - 24 Feb, 2010
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