Hotline: 1800 102 2007
X
Search Business Opportunities
2013-06-11

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

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.

Related opportunities
  • Sports & Gaming
    About Us: Hexagol - International FootBall Game Brand AN INTERNATIONAL INNOVATIVE MOBILE..
    Locations looking for expansion TELANGANA
    Establishment year 2012
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater HYDERABAD TELANGANA
  • Laundry & Dry Cleaning
    About U Clean: At UClean, we are building India's first organized..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater South Delhi New Delhi
  • About:Social drinking is a norm in today’s world and keeps..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2017
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Others Entertainment & Leisure
    About Us: The 3D Studios aims to bring one such unique..
    Locations looking for expansion Andhra pradesh
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts