According to recent market research, CIOs in India are expected to increase their IT investments at anaverage of 20% in FY2013-14 as compared to FY2012-13. Manufacturing, Telecom, Retail, Healthcare and Pharmaceutical will be the keyverticals in terms of IT investments in FY2013-14. Manufacturing sector is expected to witness a rise of 29% in absolute IT budget for 2013- 14,followed by Telecom and Retail with an approximate increase of 26% and 18%respectively
IT outsourcing by Indian CIOs’ is on the rise as 59% of IT staff is outsourced to third party service providers currently. This phenomena is increasing the demand penetration of third partysystem integrators.
On the other hand, Modern IT is slowly getting embraced by the Indian enterprises as enterprises show preference towards investing in some form of modern ITsolutions including cloud, big data and mobility. Business Analytical tools (including Big Data), Virtualization & Cloud, Mobility, Application Software & solutions and Consolidation of legacy investments & process excellence,would take on priority in FY2013-14. Business Intelligence & Big Datais of highest priority for over 60% CIOs while Virtualization and Cloud Computing excites over 50% of the Indian CIOs
Business Analytics: CIOs continue to invest in business analytics with high uptake of Big Data within Manufacturing, Energy & Utility, Media & Marketing verticals
Virtualization & Cloud: CIOs show increased preference towards virtualization and cloud (both private & public) based on criticality of use case
Enterprise Mobility: 50% CIOs consider mobilityindispensable and find it very relevant for customer facing roles and consumer applications
Application Software: Expanding ERP capabilities is high onthe CIO agenda. CRM and SCM to maintain demand in FY2013-14
Consolidation of Solutions: CIOs are also planning on integrationof existing enterprise application software, ERP solutions, and BI tools to derive business benefits from legacy IT investments