As per Gartner Prediction, IT Spending in India will Reach $72.4 Billion by 2017

Bengaluru: During Gartner Symposium/ITxpo 2016, Gartner forecasts that IT spending in India is expected to touch $72.4 billion in 2017, surged by 6.9 percent from 2016 estimated spending of $67.7 billion. As per the analysts, the prime vertical segments driving IT spending growth includes communication, media & services, banking & securities, manufacturing and utilities markets. Gartner Symposium/ITxpo is the world's most important forum of CIOs and senior IT leaders. The platform unites the global community of CIOs with the tools and strategies and facilitates them to lead the next generation of IT to achieve business outcomes.

Speaking on the event, Partha Iyengar, Gartner Fellow & Research Head, Gartner India says, “Make in India’is set to boost the manufacturing sector, as well as make it easier to attract investment, and ‘Digital India’ is focused on creating digital infrastructure, digital delivery of services and increased digital literacy. Software and IT services spending is projected to have the highest growth rates as companies work towards creating digital applications on which enterprise organizations' digital business models are being built. Some leading edge organizations are already starting to extend that journey to the beginnings of algorithmic business”.

Several CIOs will be participating in the formation of a new digital platform with intelligence at the center which will enable ecosystems to connect businesses and collapsing industries. Acting as the intelligence platform, it will tie all the domains together such as traditional IT systems, customer experience, The Internet of Things (IoT).

Peter Sondergaard, Senior VP & Research Global Head asserts, “Each of these domains is interconnected and interdependent. All have a role, and all are required. Your new digital platform will allow you to participate in the evolving world of business, government, and consumer ecosystems, because ecosystems are the next evolution for digital. It’s how you compete at scale”.

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