Big Data Analytics solutions’ spending to reach $22.6 bn in 2020, with a growth of 12% over 2019 in Asia Pacific region, said research firm IDC. It expects big data tech and service-related revenues to grow with a 5-year CAGR of 15.6% between the year 2019 and 24. 74% of enterprises intend to invest in BDA solutions at the same or higher level. Banking and telecom lead in BDA consumption, spending together over $ 6.1bn.
India’s networking market witnessed a 16.4 % YoY decline in the Q3 2021 due to the negative impact of COVID -19, IDC said. The decline was lead by the router, the revenue of which declined by 40.2 % YoY in the period. Cisco leads the router market with a 64.4 % share, followed by Juniper and Nokia. TP-Link (29.8%) was the market leader in the WLAN segment, followed by D-Link. The enterprise-class WLAN segment was led by Cisco followed by HPE.
India’s external storage market fell 14.8% to $ 79.9 mn YoY in terms of vendor revenue, in Q3 CY2020, said IDC. The obvious reason was decline in storage spending by professional services, govt and manufacturing units, as CIOs favour adoption of cloud tech to overcome the challenges of COVID-19 lockdown. This is the third consecutive YoY decline of the segment. The drop is likely to continue further in CY2020 and recovery is expected in CY2021 only.
The India public cloud services market, including IaaS, PaaS, and SaaS, touched $1.6 bn in the H1 2020, said IDC in a report. The overall India public cloud services market is likely to touch $7.4 bn by 2024, growing at a CAGR of 22.2% for 2020-24. SaaS formed the largest component (63%) of the overall public cloud services market in the period followed by IaaS and PaaS. The public cloud services market has grown 3X since 2016, according to the report.
The demand in PCs led by the COVID-19 pandemic will continue to rise in the year 2021 as well, said IDC. The research firm said shipments of PCs will grow by 18.2% YoY in the Q4 of 2020 and 1.4% in 2021. The market for computers will be driven by the notebooks, which is likely to grow by 26.4% YoY in the Q4 of 2020, while shipments of the desktop will drop during both the periods. The demand for PCs has been driven by emerging markets like India.
The IT and Business Services market in India is projected to grow annually by 5.4 % to reach $13 bn by the end of the year, said an IDC. In the first half (Jan-June), the India IT and Business Services market grew by 5.3 % (on-year) as compared to the 8.9 % growth in the first half last year. When it comes to only IT Services, the market contributed 77.4 % in the first half this year and grew by 5.9 % (on-year) compared to the 9.3 % growth in 1H2019.
The Indian PC market, riding on the WFH and e-learning wave, delivered biggest quarter in the last seven years with 9.2% YoY growth shipping 3.4 mn units in the quarter ending in Sept, said IDC in a report. The consumer segment recorded its biggest quarter ever with 2 mn shipments, growing 41.7 % YoY and 167.2% from the previous quarter. HP retained the leadership position in the overall PC market with a share of 28.2 %.
The digitalisation of the global economy will drive $6.8 tril of IT spending from 2020 to 23, said IDC. The firm predicted that 65% of global GDP will be digitalised by 2022. By Dec 2021, 80% of the firms will plan to shift to cloud-centric infra and apps 2X faster as before the pandemic. Digitalisation will enable quick responses to the business needs while creating a strong foundation enabling the business to scale faster and with greater operational flexibility, it said.
India’s AI spend will grow from $300.7M in 2019 to $880.5M in 2023 at a compound annual growth rate of 30.8%, said an IDC report. 50% of Indian enterprises plan to increase their AI spend this year. However, data trustworthiness and difficulty in selecting the right algorithm, are some of the top challenges that hold them back from implementing AI tech. Organisations are now realising that their business plans must be closely aligned with their AI strategies.