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[April 15, 2014]
Report Published: "India Information Technology Report Q2 2014" [ClickPress (UK)]
(ClickPress (UK) Via Acquire Media NewsEdge) [ClickPress, Tue Apr 15 2014] India's IT market continues to perform well and remains one of the leading emerging markets. We forecast Indian IT spending will increase 12.4% to INR1.21bn in 2014 with strong growth across the board. Hardware is a particular opportunity, with regionally low PC penetration, declining device costs, rising incomes and government procurement initiatives combining to promote sales growth. IT services continue to outperform in terms of growth rates as has been the case traditionally in India's IT market. Outsourcing firms are innovating and acquiring to expand product portfolios and generate non-linear growth, which should sustain the segment as a whole despite competition from other low-cost locations.
Full Report Details at -
Headline Expenditure Projections * Computer Hardware Sales: INR528.6bn in 2013 to INR590.7bn in 2014, +11.75% in local currency terms. The wider availability of low-cost tablets and laptops, rising incomes, increasing connectivity and government procurement for education are key drivers behind spending growth.
* Software Sales: INR112.3bn in 2013 to INR116.1bn in 2014, +3.4% in local currency terms. Solid but unspectacular uptake of Windows 8 and the continuing high incidence of piracy mean growth is less than its potential.
* IT Services Sales: INR440bn in 2013 to INR508bn in 2014, +15.5% in local currency terms. Large projects are expected from the government, including its push to developing a private government cloud, as well as from other key verticals that are implementing cloud solutions. The outsourcing market will remain strong as vendors transition to non-linear growth strategies in the face of global competition.
Risk/Reward Ratings India's score is 50.90 out of 100.0 and compared with 48.60 in Q114.
Key Trends And Developments According to India's Manufacturers' Association for Information Technology (MAIT), sales of PCs in urban areas amounted to 11.17mn units in the 2012/13 financial year, which corresponded to a growth rate of 5%. Within this figure, sales of desktop computers were up by 1% to 6.77mn, while sales of laptops were up by 10% to 4.40mn. However, the main area of growth was in the tablet sector, which is tracked separately by MAIT. Sales in this sector shot up by as much 424% - albeit from a low base - to reach 1.90mn units. Over the same period, server sales declined by 2% to stand at 89,075 units, while printer sales were down by 1% to 2.93mn units. Among printers, the only segment to experience growth was laserjets, with sales were up by around 14% to 1.57mn units.
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You may also be interested in these related reports: - Slovenia Information Technology Report Q2 2014 - South Africa Information Technology Report Q2 2014 - Colombia Information Technology Report Q2 2014 - Czech Republic Information Technology Report Q2 2014 - Hungary Information Technology Report Q2 2014 (c) 2014 ClickPress Provided by Syndigate.info, an Albawaba.com company
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