New Market Report: India Information Technology Report Q1 2015

With the exception of its role as an outsourcing hub India's IT market development trails far behind fellow Asian giant China on virtually all metrics . As a regional laggard, but one with an improving business environment, India's relatively undeveloped status translates into great growth potential over the medium term, which should see it become a regional outperformer . W e raised our outlook for Indian IT spending growth after the election and first policy announcements of Modi's government , and maintain our robust growth forecast in the Q1 2015 update, with a CAGR of 12. 5 % forecast 2015 -2018. While the outlook is bullish , we maintain our view that the extreme level of inequality and poverty in India will ultimately be a brake on IT spending growth.

Full Report Details at
- http://www.fastmr.com/prod/938397_india_information_technology_report_q1_2015.aspx?afid=301

Headline Expenditure Projections

* Computer Hardware Sales: INR1.41trn in 2014 to INR1.58trn in 2015, +12.2% in local currency terms. Tablet volume growth outperformance our core scenario but following OS licensing fee cuts by Microsoft in 2014 notebooks could regain share.
* Software Sales: INR268bn in 2014 to INR283bn in 2015, +7.4% in local currency terms. Growth to be slower than 2014, when OS upgrade demand was brought forward by the withdrawal of Microsoft support for the legacy XP operating system.
* IT Services Sales: INR541bn in 2014 to INR641bn in 2015, +18.5% in local currency terms. The cloud computing market expected to be a growth driver in 2015, with competition intensifying between local and international providers, which should drive up adoption rates.

Key Trends And Developments

The Indian cloud computing markets development accelerated sharply in H214 with major investments from leading global vendors. The opportunity is vast due to the relatively low penetration of legacy on-site software and hardware deployments, as well as the sheer size of India's economy and the strong economic outlook. BMI expects cloud computing growth rates will far...

The India Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's India Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in India.

Key Benefits

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Venezuela Information Technology Report Q1 2015
- Argentina Information Technology Report Q1 2015
- Malaysia Information Technology Report Q1 2015
- Thailand Information Technology Report Q1 2015
- China Information Technology Report Q1 2015