IT spending in India to grow 5.5% to $105.2 bn in 2022: Gartner

IT spending in India is set to increase 5.5 percent to $105.2 billion in 2022, a new Gartner report said.
IT spendingGlobally, IT spending is projected to increase at 5.1 percent to $4.5 trillion in 2022.

“2022 is a growth year as Indian CIOs accelerate their long-term digital initiatives, despite the ongoing Omicron scare in India,” said Naveen Mishra, senior research director at Gartner.

Indian CIOs will also be challenged with skills shortage, leading to increasing dependence on external services partners.

Spending on the IT service segment is forecast to increase by 9 percent as compared to 2021.

Cloud-based software consumption will be one of the biggest contributors towards the 15 percent growth in the software segment in India.

The pent-up demand for data centre technologies will bring 4 percent growth to the data centre segment in 2022.

Cloud will be responsible for nearly all the 11 per cent spending growth within the enterprise software segment in 2022 as organizations focus on upgrading their software stack to software-as-a-service (SaaS) to support continued flexibility and agility.