Table 1. India IT Spending Forecast (Millions of U.S. Dollars)
|Data Center Systems||3,670||1.4||3,186||-13.2|
Source: Gartner (June 2020)
While spending is on pace to dip across all segments in India this year, technologies such as telehealth, smart-chatbots, mobile applications enabling deliveries, and distance learning education software will experience an increase in spending in 2020. As a result, spending on enterprise software is set to record a moderate decline in 2020 at -2.6%.
“The lockdown measures forced sectors such as education, healthcare, and public utilities to accelerate their digital transformation,” said Mr. Mishra. “However, sectors such as retail, insurance, and banking that were already advanced in their digital transformation have to reduce their IT spending in 2020. These sectors will continue to spend on targeted digital initiatives such as artificial intelligence, machine learning and virtual sales assistants, however, they will have to reduce or stop spending on business transformation, process re-engineering and modernization of existing systems.”
More detailed analysis on the outlook for IT spending in India is available in the Gartner webinar“Virtual Briefing: How COVID-19 Has Impacted Indian IT Providers’ 2020 Business Plans”. Learn more about how to prioritize cost initiatives by business outcome with the Gartner Cost Optimization Framework.
Learn more about how to lead organizations through the disruption of coronavirus in the Gartner coronavirus resource center, a collection of complimentary Gartner research and webinars to help organizations respond, manage and prepare for the rapid spread and global impact of COVID-19.
Gartner’s IT spending forecast methodology relies heavily on rigorous analysis of sales by thousands of vendors across the entire range of IT products and services. Gartner uses primary research techniques, complemented by secondary research sources, to build a comprehensive database of market size data on which to base its forecast.