Dublin, Nov. 29, 2024 (GLOBE NEWSWIRE) -- The "India - Enterprise ICT" report has been added to ResearchAndMarkets.com's offering.
The report provides an in-depth analysis of the following enterprise ICT market outlook, enterprise ICT budget allocations, enterprise ICT segment revenue and budget allocations, enterprise ICT market dynamics, enterprise technology priorities and ICT vendor landscape.
The report provides detailed analysis of the overall India's enterprise ICT market trends and growth drivers based on the analyst's ICT Customer Insight Survey and the analyst's Market Opportunity Forecasts. The report also discusses about the market growth inhibitors impacting India's overall ICT market.
It sheds focus on enterprise ICT budget allocations and ICT revenue opportunity covering 18 solution areas, segmental analysis, vertical analysis, as well as review of key macroeconomic and regulatory trends, and government initiatives. The report also includes a brief profile on some of the key ICT vendors within the country.
The country intelligence provides information and insights into ICT budget allocations and ICT revenue opportunity by enterprises in India:
- Overall enterprise ICT revenue opportunity and ICT budget allocations for India
- Macroeconomic and regulatory context and government initiatives
- Insights on India's enterprise ICT growth drivers and market trends, basis the analyst's ICT Customer Insight Survey and Market Opportunity Forecasts to 2028
- Insights on market growth inhibitors impacting India's overall ICT market
- Breakdown of enterprise ICT revenue opportunity by solution areas, end-use verticals and enterprise size band
- Segmental analysis of India's enterprise ICT budget allocations and ICT revenue opportunity - hardware, software and services
- Insights on ICT technology spending priorities of enterprises on key solution areas in India
- Company snapshot
Key Highlights
- ICT market growth in India will be primarily driven by digital transformation initiatives to remain competitive, decrease operational costs, and increase efficiency, backed up by supportive government regulations.
- India's overall ICT market was pegged at more than $161 billion in 2023 and is expected to grow at a CAGR of more than 17% during 2023-2028 to reach more than $354 billion in 2028.
- The analyst's ICT decision makers survey reveals a positive outlook for enterprise ICT spending in India, with a majority of respondents, about 87% from the country, claiming that there has been an increase in the enterprise ICT budget in 2024 compared to 2023.
- IoT can be regarded as the most attractive market in India driven by the country's technological advancements as well as initiatives undertaken by the Indian government, which focuses on developing connected and smart IoT-based systems. The revenue opportunity for IoT in India was pegged at more than $25 billion in 2023 and is estimated to grow at a CAGR of more than 21% between 2023-2028.
- BFSI is the largest independent end-use vertical segment for the ICT market in India in terms of revenue contribution, and it will remain so over the forecast period. ICT revenue from the BFSI sector reached more than $18 billion in 2023 and is set to grow more than $39 billion in 2028 at a CAGR of more than 16%.
Key Topics Covered:
- India Enterprise ICT Market Highlights
- Macroeconomic and Regulatory Context
- ICT Market Overview
- Market Dynamics
- ICT Market by Infrastructure Segments
- Enterprises' Investment Priorities in Key Solution Areas
- Enterprise Investment Priorities Across Key Verticals
- Company Snapshots
- Appendix
A selection of companies mentioned in this report includes, but is not limited to:
- Microsoft
- TCS
- IBM
- Accenture
- Meta
For more information about this report visit https://www.researchandmarkets.com/r/1k6nxo
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