Page 2 - It Spending

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

Global IT spending to hit $3.7 trn in 2018 on AI, blockchain boost: Gartner

Organisations are expected to increase spending on enterprise application software in 2018

India's IT spending to grow 9% to $87 bn in 2018: Gartner

India spent $79.7 billion on technology, as organisations across sectors used technology to improve efficiency

IT spend in Indian banking and securities industry to grow 8.6% in 2017

Firms are investing more in enterprise resource planning, customer relationship management

Gartner lowers IT spending growth to 7.5% on demonetisation impact

> Technology researcher Gartner has revised downwards the growth of India's IT spending to 7.5 per cent to $ 7.8 billion (nearly Rs 51892 crore) in 2017, due to impact of demonetisation that affected industrial production in the January to March quarter. "This is down from Gartner's previous projection for 9.5 per cent growth this year," said the firm in a note on Thursday. India's overall economic growth reportedly fell to 6.1 per cent in the fourth quarter of financial year 2016-17 primarily due to adverse impact of demonetisation on economic activity. This growth rate was lowest in four quarters. Construction and financial services were the most impacted sectors. "The 2 per cent revision in our outlook is primarily due to the effects of demonetization and a drop in industrial production," said Moutusi Sau, principal research analyst at Gartner, adding: "However, spending plans like affordable housing scheme, and increased loans to small and medium enterprises by the ...

Indian IT infra spending to see tepid growth this year: Gartner

Spending on information technology (IT) infrastructure by Indian organisations and businesses is expected to see only sluggish growth this year, says research entity Gartner.Total spending -- including on traditional technology services such as server, storage and enterprise networking equipment -- is estimated to reach $2.2 billion (Rs 14,500 crore) in the country, it said. This means 1.5 per cent growth over last year's $2.17 bn. It was $1.9 bn in 2015. "Digital transformation is bringing in new sets of challenges and opportunities for Indian (IT) infrastructure leaders," said Naveen Mishra, research director at Gartner. The report suggests Indian traditional IT service providers should align themselves with the imperatives of the digital world and technology transformation. "Modern, lean, agile and secure infrastructure is the business need," added Mishra It says cloud computing is expected to become pervasive as an infrastructure layer, given its elasticity. This creates a need .

Govt to spend $7.2 bn on IT in 2016

This is $200 million more than what Gartner had projected in June

Govt's IT spending to hit $7.2 billion in 2016: Gartner

IT service is expected to grow 9.3 per cent in 2016 to reach $1.8 billion, Gartner said.