According to Gartner’s recent forecast, IT spending in India will grow 2.6% in 2023. Even with the looming uncertainties of global inflation and the weakening currency value, Indian firms will continue to grow spending in key information technology segments next year.
Arup Roy, Vice Presiden Analyst at Gartner, said, “Inflation has not impacted enterprise spending on technology globally, and India is no exception to this trend,”
Whether it is productivity or customer experience, Technology-led businesses are better performers in the market than traditional businesses. The Gartner report shows, End-user spending on public cloud in India is forecast to grow 27% in 2023.
Except for data centre systems and devices, all the other segments of IT spending will experience growth in India in 2023.
“As Indian organizations advance in their digital initiatives and maturity, they will need to elevate their cybersecurity focus or face severe business risk. Also, paucity of good quality digital talent and technology/management skills will continue to be some of the top challenges that CIOs in India face in 2023,” said Roy.
CIOs in India will require creativity about how they source talent, where they source from, and how they use those resources.
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