The Unknown 100 Billion Dollar Market

June 1, 2012 2:48 pm

Emerging countries would need to make IT investments in good scale to keep up with the information demands of a vibrant growing economy. But how big is something we had not spotted, until now. Well, we never could have guessed this one. We spotted this today:

“Forrester estimates that India’s public sector IT purchases will grow at a CAGR of 14% between 2012 and 2017, reaching $108.5 billion in 2017. In 2014, we anticipate a decrease in government spending due to parliamentary elections — but spending will pick up after the election, as maintaining GDP growth will be on the agenda of any new government. We believe that massive infrastructure investments and increasing citizen expectations will fuel public sector IT in spite of the 2014 parliamentary elections. Citizens are pressuring federal, state, and local government to become more proactive and interactive and to provide services in a more organized and user-friendly manner.”

Statistics Source: Forrester

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