IT infra spending to reach $2.92bn by 2017: Gartner
The Indian IT infrastructure market, comprising of servers, storage and networking equipment, is expected to...
The Indian IT infrastructure market, comprising of servers, storage and networking equipment, is expected to grow by about nine per cent to $2.92 billion by 2017, research firm Gartner said today. "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 said. 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 per cent to $2.92 billion by 2017 from $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 $707.4 million in 2012 and is forecast to total $962.3 million in 2017," he said. The storage segment is forecast to see the highest growth rate of 15.2 per cent to $702.3 million by 2017 from $346.3 million in 2012. The Enterprise LAN segment is expected to grow 8.8 per cent to $890.7 million, while Enterprise WAN market is forecast to touch $373.8 million by 2017, up 7 per cent. "Banking, financial services and insurance, manufacturing and government are some of the sectors which will lead the investment in IT infrastructure," Mishra said.