Friday, 24 March, 2023

ICT spend to rise by 10% to $91 billion in CY21: IDC

<p>IDC said that spend on ICT in India will grow over 10% in 2021 to touch &nbsp;$91 bn and hit $111 bn by 2024. The revival of economic activities and growing consumer demand will accelerate this growth, said the report. BFSI and telecom will be the biggest contributor to the growth by with 14% of the overall ICT spend. The sector may grow at 7.8%, following the increased ICT investments in improving customer experience, business continuity, and cybersecurity.</p>