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Tag: International Data corporation (page 1 of 2)

Public cloud services market in India to touch $7.4 bn by 2024, says IDC

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.

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Surge in demand for PCs to continue in 2021: IDC

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.

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India IT, business services market to reach $13bn in 202, says IDC

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.

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Digitalisation to drive $6.8 tril IT spending from 2020 to 23: IDC

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.

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India’s AI spend to grow 30% by 2023: IDC

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.

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Google Cloud partners can grow 3.7 times by 2025: IDC

Google Cloud partners are expected to generate $6.11 in 2020 and up to $8.33 in revenue for every $1 of Google Cloud products sold, giving them a chance to grow over 3.7 times by 2025. Google Cloud partners, on average, are growing 35%-75% y-o-y. Their revenue, according to the report by IDC, is more than Google Cloud itself. The partners who’re creating their own unique IP address around the Cloud are seeing very strong margins associated with their products.

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5G smartphones to cover 50% of the market by 2023: IDC

IDC reported 5G smartphones will capture 50% of the global market by 2023. While many top vendors have reduced their 2020 production plans to cope up with the market decline, most of the cuts are from 4G portfolio. Most producers say that, by the end of 2020, their portfolio will be dominated by 5G. The continuous supply of 5G phones coupled with the disrupted economy may reduce ASPs to $495 by 2023, making them affordable and hence quite popular.

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India server market revenue dips 22% in March quarter, may drop 41% in Q2

Research firm IDC said that India’s server market revenue dipped by 22.1% YoY to $232 mn in the quarter ending March and expected a 41.3% YoY decline in Q2. The firm went on to predict that the server market to decline by 22.3% in terms of value by end of the year. The x86 servers, which constitutes 85.2% of the total market, declined YoY by 25.3% to $197.9 mn. Telecom, BFSI and manufacturing sectors were the key buyers for the x86 category of servers.

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67% of data available to India remains unutilised; better than global peers

A Seagate and IDC research, based on the CXO interviews of 1500 global enterprises, found that only 32% of data available to business is used. In India, the average was 33%. Enterprise data in India will grow at a 45.2% annual rate as compared 42.2% globally in the next two years. It will make India the fastest growth rate country after USA (50.5%) and Australia (46.9%). Indian firms, however, found data management, and security more tiresome than their global peers.

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