India’s IT Spendings in 2015 to touch a staggering $73.3 Billion!!!

Future of IT Spendings

According to a recent report by research firm Gartner Inc., India’s IT spending has been anticipated to reach $73.3 billion during the year 2015 as compared to $67.1 billion in 2014.

At this pace of IT investment, India is destined to crown itself as the third largest IT market in Asia pacific region by the year 2016 and as second largest by the year 2018, right after China, the major portion of which is to occur right in the year 2015, the report added.

The report further stated that the IT services segment is estimated to grow at 15.7%, with the software sector destined to grow at 14% during 2015.

For the Indian Software Services exporters such as TCS, Infosys, HCL Technologies, this seems to be great news as these firms have reported improved growth and bagged large deals in the US and European markets.

As per the words of Mr Peter Sondergaard, Senior VP & Global Head of Research-Gartner Inc., by 2016, one in three jobs will be linked to automated softwares and by 2018, digital business will bring about a 500% boost in digital jobs.

Digital business is a new line of business design that blends the virtual and physical world, changing how processes and industries work via Internet-enabled devices-Definition by Gartner. The impact that the digital business had on the IT Industry since 2013 was dramatic. With Virtual Reality, 3D Printers, Automated Cars and various other new technologies erupting every day, Gartner predicts that during 2015 all of these things will double again.

Thus in the coming years there will be an increase in demand for people hotskilled in areas such as robotics, smart machines and job roles such as integration specialists, regulatory analysts, and digital architects, which will force the IT training institutions to specially design courses in order to bridge the future skill gap.

 

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