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Increase in IT investments by SMEs indicates constant progress: IDC

Tags: It investment, indian sme, spending, idc, india IT market overview, report

June 11, 2013 | COMMENTS ( 0 )

Increase in IT investments by SMEs indicates constant progress: IDC

International Data Corporation (IDC), a global provider of market intelligence and advisory services for the technology markets in its latest report has highlighted that 41 per cent of Enterprise IT spending in 2012 was by SMEs. This proportion, according to the report is expected to increase to 43 per cent by 2016.

The report titled India IT Market Overview, 2013-14 said that domestic IT Investments is showing resilience in tough economic conditions as the IT market size is predicted to grow from $35.1 billion in 2012 to $44.8 billion in 2014.

“The increase in IT investments by Indian SMEs indicates constant progress in business maturity levels; investments from the mid market segment is expected to grow at a significant rate of 17.2%. Government initiatives and public private partnerships are bridging infrastructure and R&D gaps that inhibited SME growth,” said Pavan Magge, Senior Analyst, Consulting Group, IDC India in a release.

“While mid-market enterprises in India continue to scale-up and optimize the efficiency of their IT systems to cater to growing business needs, they also desire to leverage emerging technologies such as cloud and mobility to enhance their business agility,” added Magge.

He further said that with an eye on the future, and the cognizance of challenges of integration of legacy systems, SMEs are interested in broader discussions on IT at an architecture level with a clear view of areas such as security and business continuity. IT vendors and service providers need to step-up their efforts and nurture the growth of this segment with a solution-oriented consultative approach.

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