PC market to see 19% growth in this year
IT spending in India is expected to reach $67bn in 2010, an increase of 14.1% compared to 2009, according to IT research and advisory firm Gartner.
The firm expects IT market in India to grow 11% from 2009 until the end of 2013, with IT services growing faster than all other segments at 17.6%.
Telecommunications is expected to record slowest growth, increasing 9.1% during the same period. The firm anticipates computing hardware and software market in India to grow at a CAGR of 16.2% and 12.9%, respectively between the period 2009-2013.
According to the report, the Indian PC market is expected to grow by 19% in 2010 and by more than 21% in 2011. The domestic server market will reach $551m in 2010, registering a growth rate of 6% from 2009. Revenue in external-controller-based storage market is expected to reach $319m in 2013, growing 14% from 2009 to 2013. Network-attached storage will grow 22% over the same period.
The Indian IT security market is forecast to grow more than 20% in 2010. The domestic telecommunications services market revenue is projected to reach $41.4bn in 2013.
Data services is expected to be the main driver of the mobile sector from 2009 through 2013, and will grow at 13% through 2013, accounting for 14% of total mobile revenue in 2013. Mobile voice revenue will grow at a steady rate of 9%.
Gartner said that it expects the fixed services revenue to increase only slightly, at 1% per year, while fixed enterprise revenue to decrease by 1.8% per year. It anticipates fixed consumer revenue to increase by 0.6% per year and household penetration of consumer broadband connections to reach 7% in 2013.
Aman Munglani, principal research analyst at Gartner, said: “India’s economy recorded GDP growth of more than 6% during the recent global economic crisis. Its growth, and the growth of India’s IT industry, have been driven largely by domestic consumption, which has left India less exposed than many emerging markets to global economic cycles.”