IT Spending

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

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?

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

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.

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.

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

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.

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

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

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

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.

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

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

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

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

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

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

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

> 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 ...