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Gartner sees Indian IT firms growing faster in 2020 on rising client spend

The report said this year's slowdown in spending won't stretch as far as into 2020, despite concerns over recession and companies cutting on discretionary IT spending

Topics
IT slowdown | Economic slowdown

Samreen Ahmad & Debasis Mohapatra  |  Bengaluru 

Indian IT services companies are likely to grow at a faster rate next year as IT spending by clients globally is projected to rise at an increased pace during this period. According to global research firm Gartner’s report, total spend in the IT services space is likely to grow by 5.5 per cent in 2020, and will touch $1.08 trillion as compared to 3.7 per cent rise estimated for 2019.

The report said this year’s slowdown in spending won't stretch as far as into 2020, despite concerns over recession and companies cutting on discretionary IT spending. Demand will mostly be ...

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First Published: Wed, October 30 2019. 20:51 IST
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