India's IT spending set to touch $110 billion: Report
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India’s IT spending set to touch $110 billion: Report

India’s IT spending set to touch $110 billion: Report

All in all, Spend IT India’s GDP is expected to rise to $110.6 billion by 2022. This figure is 6.3% higher than 2021. Inflation, geopolitical instability, and skills shortages are unlikely to slow down. IT investments According to a Gartner report.

The forecast for India has been revised from $105.2 billion. This is primarily due to India’s growth in smartphones in 2021.

“In 2022, Indian CIOs will continue to spend more on analytics, machine learning and customer experience, and that’s in addition to devices,” said the statement. Naveen Mishra, senior research director at Gartner.
It also stated that worldwide IT spending would reach $4.4 trillion by 2022, increasing 4 percent from 2021.

In 2022, software spending is expected to rise by 9.8% to $674.9 trillion in IT services. Globally, it is expected to rise 6.8% to $1.3 trillion.
According to the report, there is no direct impact expected from Russia’s invasion of Ukraine on global IT spending.

India’s IT spending set to touch $110 billion: Report
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