India IT infra spending to grow to $2.92 bn by 2017: Gartner
Mumbai: The Indian IT infrastructure market, comprising of servers, storage and networking equipment, is expected to grow by about nine percent to USD 2.92 billion by 2017, research firm Gartner said Monday.
"The nexus of forces -- big data, cloud, social and mobility -- are finding real-time business driven use which is bringing a paradigm shift in the way IT is delivering business impact and hence, changing the role of an Indian CIO," Gartner Research Director Naveen Mishra told reporters here.
Despite global economic challenges, India has strong growth opportunities, including in IT infrastructure, as CIOs are looking at how IT can be used to optimise business operations, he said.
"The IT infrastructure market in India is expected to grow at a CAGR of nine percent to USD 2.92 billion by 2017 from USD 1.90 billion in 2012," Mishra said.
The Indian IT infrastructure market is being driven by hardware refresh, optimisation and consolidation efforts.
"New data centre build out, primarily driven by service providers, is providing added impetus to this market. The server market accounted for the biggest chunk of the market totalling USD 707.4 million in 2012 and is forecast to total USD 962.3 million in 2017," he said.
Increased uptake of x86 based technologies, coupled with continued investment in virtualisation will drive server growth, he said.
The storage segment is forecast to see the highest growth rate of 15.2 percent to USD 702.3 million by 2017 from USD 346.3 million in 2012.
The Enterprise LAN segment is expected to grow 8.8 percent to USD 890.7 million, while Enterprise WAN market is forecast to touch USD 373.8 million by 2017, up 7 percent.
"Banking, financial services and insurance, manufacturing and government are some of the sectors which will lead the investment in IT infrastructure," Mishra said.