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India’s IT spending is expected to exceed $ 100 billion in 2022: Gartner

According to Gartner, India’s IT spending is expected to reach $ 101.8 billion in 2022. This is a 7% increase from 2021. Studies show that India was one of the fastest recoverers in the world, despite being severely hit by the second wave.

All segments of IT spending are expected to grow around software. Gartner forecasts that software spending in 2022 will increase by 14.4% from 2021 to $ 10.5 billion. Software spending is expected to double before the pandemic, but it’s still growing slower than in 2021.

In addition, spending on devices may increase in 2022 as hybrid workforces are strengthened. It could increase by 7.5% from 2021 to reach $ 44 billion. Increasing demand for hybrid work and device upgrades from 2020 could drive device growth. Device spending can reach 43% of IT spending.

Arup Roy, Gartner’s Research Vice President, says the digital transformation trajectory that began in response to a pandemic will continue for the next few years. “India experienced one of the fastest recovery despite being one of the worst hit regions in the second wave of the pandemic in early 2021. In 2022, the Indian CIO experienced a business. Based on the new interest in technology from India, we will raise funds for new IT. Project, “Roy added.

The report suggests that IT spending will skyrocket behind projects that drive innovation and modernize legacy systems. Hiring a workforce that can meet these requirements is an important priority. Indian CIOs prioritize more configurable business and IT architectures over rigorous and monolithic ways to do business.

This study examines an analysis of sales from thousands of vendors across IT products and services and provides a perspective on IT spending across hardware, software, IT services, and communications segments.

Also read: How Adani Wilmar’s lesser-known deals drive international business in 2010
Read also: NASSCOM, Andhra Pradesh government launches AI center for IoT, Visakhapatnam

India’s IT spending is expected to exceed $ 100 billion in 2022: Gartner

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