Despite huge investments slated for telecom network infrastructure, 2007 will be a year of build-outs rather than rollouts for 3G and WiMAX services. India is expected to add around 85 million new mobile subscribers in 2007, beating China for the first time. This growth in subscriber additions would call for a huge network expansion drive, and is expected to result in investments of around $10 billion or more.
These are the observations of IT industry analyst firm, IDC Limited that has predicted an year on year growth at 21.5 per cent, of the Indian IT industry, making it one of the fastest growing markets in Asia Pacific.
This year will witness intense 'hyper disruption' in the IT industry, with major structural changes along different industry vectors accelerating each other's growth. Small businesses will become big, software will be translated into services and vice-versa, IT players will be more 'consumer-ish', and consumer players will be more business- minded.
"Deep shifts in the global market place will surely have implications on the Indian market. Coupled with high speed growth, the shifts will pose unique challenges in managing the twin play of IT going deeper into already penetrated market segments and simultaneously exploring newer segments to sustain growth," says Kapil Dev Singh, country manager, IDC (India) Limited.
Banks, financial services institutions (FSI), telecom, manufacturing, government, resource, education, and other industries will heavily invest into IT, he adds.
This is probably why India was the fastest-growing country by IT spending in 2006 (22.4 per cent). 2007 will witness Indian enterprises graduate to the second level of dynamic IT infrastructure - where IT infrastructure can effect changes fast in response to a changing business scenario. Key technology components to attain this state are virtualization, SOA and application integration.
