Analysts to Explore Industry Trends at Gartner Symposium/ITxpo 2016, November 15-18
Bangalore, India, 17th November, 2016 — India software revenue is forecast to total $5.8 billion in 2017, a 12.8 percent increase from 2016 estimates of $5.2 billion, according to Gartner, Inc. This is in comparison to Gartner’s forecast for 2017 global spending for enterprise software will be $357 billion in constant U.S. dollars, with growth of 7.2 percent over 2016.
“Emerging digital business strategies are changing enterprise organizations’ buying behaviors in India and accelerating the demand for technology innovations and outcome-based solutions”, said Bhavish Sood, research director at Gartner. “New ways of monetizing the value being delivered, such as revenue-sharing models, are also evolving.”
The computer software and hardware vertical had a foreign direct investment (FDI) inflow of $5.9 billion during the period from April 2015 to March 2016. This is an increase of nearly 150 percent, compared to the same period last year. Gartner expects these investments to gather further momentum toward the end of 2016. “Make in India” is set to boost the manufacturing sector, as well as make it easier to attract investment, and “Digital India” is focused on creating digital infrastructure, digital delivery of services and increased digital literacy.
Infrastructure software spending in India is projected to surpass $3.4 billion in 2017 (see Table 1), a 10.2 percent increase from 2016. Enterprise application software spending is forecast to grow 16.8 percent in 2017.
India Enterprise Software Spending Estimates (Millions of U.S. Dollars in Constant Currency)
Enterprise Application Software
Source: Gartner (November 2016)
“Indian CEOs want IT to move from the back-office to driving revenue. Aggressive digital business strategies are putting pressure on CIOs to have a direct impact in business outcomes like growth, customer experience and profitability. CIOs are being asked to increase the business value that IT is able to deliver, and equally important, to quantify it,” said Mr. Sood. “The CEO and business management wants IT to move from a predominantly back-office focus to become a front-office centric organization that directly impacts business outcomes like growth, customer experience and profitability. This is often in the context of an aggressive digital business strategy within a growing number of enterprises.”
At Goa, this year the focus is on the execution or implementation of digital business strategy, along a journey that has been four years in the making. Starting with the Nexus of Forces at Symposium four years ago – the foundation for today’s digital business – we move to a strong focus on the ‘how’ of putting a digital business together in this year’s Symposium.
Key elements of enabling infrastructure like the digital business platform will be unveiled this year, which will enable CIOs to create the right foundation to support the business agility required in a rapidly evolving digital business environment.
About Gartner Symposium/Itxpo
Gartner Symposium/Itxpo is the world’s most important gathering of CIOs and senior IT leaders, uniting a global community of CIOs with the tools and strategies to help them lead the next generation of IT and achieve business outcomes. More than 23,000 CIOs, senior business and IT leaders worldwide will gather for the insights they need to ensure that their IT initiatives are key contributors to, and drivers of, their enterprise’s success.
Gartner, Inc. (NYSE: IT) is the world’s leading information technology research and advisory company. The company delivers the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, Gartner is the valuable partner to clients in approximately 10,000 distinct enterprises worldwide. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, USA, and has 8,300 associates, including more than 1,800 research analysts and consultants, and clients in more than 90 countries. For more information, visit www.gartner.com.