ICT Investment Trends in India: Advancing Digital Initiatives Pushing Technological Investment

India is rapidly inclining towards digitization which is trending the ICT investment in the country. To analyze in detail, Market Research Hub (MRH) has recently added a research study titled as “ICT Investment Trends in India: Growing digital initiatives driving investment in technology” to its vast report repository. The survey investigates how Indian enterprises currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.

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It is important to know that, ICT or information and communications technology, is the structured component that enables modern computing, and help in easy understanding through modern technologies to interact in the digital world. ICT covers both the Internet-enabled sphere as well as the mobile one powered by wireless networks. It also includes antiquated technologies, such as landline telephones, radio, and television broadcast. The report aligns your focus areas by understanding which factors are influencing Indian enterprises decisions when selecting an ICT provider.

According to a survey, India is pegged to remain one of the fastest growing economies with an expected GDP growth rate of around 7.4% in the current financial year (2017-2018), making it one of the popular ICT investment destination. It also shows that Indian enterprises are keen to invest in core technologies, including software, hardware and, IT services, in order to improve their efficiency and productivity. Further, it is estimated that SaaS dominated Indian enterprises total cloud computing expenditure in 2016.

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The report basically provide a detailed overview of some main topics including; the change in budget for ICT in 2017 based on overall size, the IT core elements such as services, communications, hardware, software, and consulting allocation spending, distribution of ICT money in areas such as the networks, applications, service desk, and data centers, the ICT functions which the Indian enterprises are interested in outsourcing, the Indian enterprises investment priorities based on their budget allocations across core technology categories such as mobility management, communications & collaboration, IoT, and cloud computing. Also, the main factors that are impacting Indian enterprises investments in each technology category, Indian enterprises distribution of their ICT budget across various segments within a technology category, vendor satisfaction ratings for various core and advanced technology categories, insight into Indian enterprises preferred buying approaches, business objectives that Indian enterprises are looking to achieve through their IT investment strategies, are all carefully wrapped in this intelligent study.

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This release was published on openPR.