Indian entities likely to spend more on IT in 2011: Gartner

Monday, 21 March 2011, 19:30 Hrs
Printer Print Email Email
New Delhi: Indian entities have strong intentions of increasing their IT spending in 2011 as compared to their peers in China and many other nations in the Asia Pacific region, according to global research group Gartner.

With Indian economy seeing good growth, spending on IT is expected to increase in the coming years, Gartner's Research Analyst Yanna Dharmasthira said.

"Among the Asia-Pacific nations, the outlook for IT spending in India is very positive. Software spending is the main priority," Dharmasthira told PTI from Jakarta.

Software spending includes new licences as well as software maintenance and support.

Going by estimates, overall IT spending in India is expected to be over $70 billion in 2011.

A Gartner report based on a survey showed that as many as 64 per cent of the respondents in India have intentions to increase their IT budget, the highest in the Asia Pacific region. In China, the same was at 49 per cent.

The survey covered more than 1,500 executives of various organisation spread across 40 countries.

"... the positive intentions of respondents to spend on IT indicate encouraging investment sentiment in 2011," the report said.

In the Asia Pacific region, many entities plan to raise their investments on security software this year, amid rising privacy and online security concerns.
Source: PTI
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..