It Spending

Indian tech earnings may indicate worst is over for showpiece sector

Executives from TCS and Infosys told investors after third-quarter earnings that the market had stabilized and clients were spending on AI-driven projects and software services

Troubles for Indian IT firms linger as clients tighten their budgets

Accenture Plc lowered its revenue outlook last month, citing a pullback in software spending by Wall Street firms, which are among the Indian companies' biggest clients

IT spending in India to grow at 9.9%, to cross $59 billion by 2027: IDC

The IT spending in India is likely to grow at a compound annual growth rate of 9.9 per cent over the coming years to cross the USD 59 billion mark by 2027, as the software market consistently showing double digit growth across the forecasted years, International Data Corporation (IDC) said on Thursday. The IT spending in India for 2024 is expected to grow by 11 per cent year-on-year to reach USD 44 billion in 2024, according to market research and analysis firm IDC. While speaking at India CIO Summit organised by IDC, the company's Head of WW Strategy and Senior Vice President & Regional Managing Director for EMEA Steven J Frantzen said Generative AI (GenAI) will continue to accelerate AI adoption in India, with more leading organisations exploring or investing in GenAI use cases. "Even with economic headwinds and uncertainty in 2024, we anticipate that global ICT spending will expand by more than 6 per cent (3x of projected GDP growth) as we enter a new era of accelerated digital

Government's IT spending likely to reach $11.6 bn in 2023: Report

By 2026, Gartner foresees over 75 per cent of governments will gauge digital transformation success by measuring the enduring mission impact

IT spending in India projected to total $108.5 bn in 2023: Report

IT spending in India is projected to total $108.5 billion in 2023, while global IT spending is projected to total $4.6 trillion in 2023, an increase of 5.5 per cent from 2022, a new report showed

India IT spending shows resilience despite global headwinds: Report

Despite strong global headwinds, Indian IT spending is expected to grow by 13.8 per cent this year, down from 25.3 per cent in 2021, an IDC report said on Thursday

Is India Inc seeing the impact of a looming US recession?

Impending recession in the US is reflecting in its domestic consumption. Indian exporters are already seeing a dip in new orders, while IT sector margins are declining. Should the exporters worry?

IT spending in India to reach $112 bn in 2022 amid global uncertainties

Indian IT spend is expected to maintain robust 7.7 per cent growth in 2022 as compared to 2021 growth rate of 21.2 per cent

Centre's IT spends to grow 12% to $9.5 billion in 2022, says Gartner

The government's spending on information and technology will grow 12.1 per cent to USD 9.5 billion in 2022, an analyst firm estimated on Monday.

Global IT spending to reach $4.5 trillion in 2022, says Gartner report

With an increase of 5.1 per cent from 2021, the global IT spending is projected to reach $4.5 trillion this year, a new report has said.

Capgemini seeing BFSI's IT spend gaining traction, says CEO Anirban Bose

Financial services grew 5.4 per cent on a constant currency basis.

Government's IT spending to rise 8.6% to $8.3 bn in 2022: Gartner

Indian government organizations, both local and national, will increase spending on all segments of IT in 2022, except for telecom services, the research firm said.

Information Technology spending in India to reach $93 bn in 2021: Gartner

IT spending in India is projected to total $93 billion in 2021, an increase of 7.3 per cent from 2020, according to research firm Gartner

Indian tech services can touch revenues of $300-350 bn in next 5 years

According to a report by McKinsey & Company for Nasscom titled 'Future of Technology Services-Winning in this decade', tech spending is only going to be intensified in the next decade

Covid-19 crisis: $30-billion deal renewal headache for IT companies

Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.

India IT spending to dip 8% in 2020 amid Covid-19 pandemic, says Gartner

Gartner expects spending on devices and data centre systems in India to see their steepest declines in 2020, at -15.1 per cent and -13.2 per cent, respectively.

India IT spending to fall 8% this year due to Covid-19, first fall in 5 yrs

Devices and data centre systems may see steepest spending declines, at -15.1% and -13.2%, respectively

India IT spending to hit $94 bn in 2020 on business growth, says Gartner

Strong growth in total software spending will be driven by enterprise application software which is forecast to grow 17 per cent in 2020

Global IT spending projected to touch $3.7 trillion in 2019: Gartner

Despite the ongoing tariff war, US IT spending is forecast to grow 3.5% in 2019

Global IT spending to grow 3.2%, reach $3.76 trn in 2019: Gartner

IT services are poised to grow 4.7% in 2019 to $1.03 trn and by another 4.8% in 2020 to total $1.07 trn