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Technology Spending In India To Grow By 12% In 2018: Report

Technology Spending
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Forrester’s latest India tech market outlook has stated that, technology spending in India will grow by 12 percent in 2018.

This surge in tech spending will be driven a steep rise in software spending, the report further revealed.

Software spending likely to be about 11 percent of the country’s technology spending in 2018.

Although, it is usually 20 percent or more in developed economies, software will continue to rise at a significantly higher rate than the compounded Indian tech growth in the coming years.

Digital transformation will drive spending on services and outsourcing.

Rapid digitization of the economy and rising numbers of digital consumers will continue to fuel spending on mobility, followed by analytics, Cloud and Internet of Things (IoT), the report noted.

“While demonetization and the fast-tracked implementation of GST slowed growth in 2017, the government is now in a better position to drive reforms and the Indian economy is expected to recover its lost momentum and do progressively better in 2018 and 2019,” said the Vice President, Research Director and author of the report, Ashutosh Sharma.

Hardware expenditure will continue to plummet due to growing interest in public cloud adoption.

Reliance Jio’s IPO plans will further reduce the likelihood of further disruption from telcos.

Digital actions of enterprises – providing better connectivity to remote offices, implementing more software, and moving workloads to the cloud – will drive the demand for data services.

Providers like Orange Business Services, Tata Communications and Verizon Business will see an uptick in demand.

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