India - Enterprise ICT Investment Trends 2020
Most survey respondents from India confirmed that technology purchase decisions in their enterprises are jointly taken by all parties involved.
According to the survey, most respondents from India said that their enterprises would see considerable reduction in their intended ICT budget for 2020, post the COVID-19 outbreak compared to what it was in the pre-COVID period.
With regards to IoT investments, ‘network sensors’, and ‘wireline’ and ‘cellular’ will be the popular investment areas in IoT hardware and connectivity areas, respectively, for most enterprises in India over the next two years, while SCADA and real-time location tracking will be the key IoT software investment area for enterprises in India over the next two years.
The survey also reveals that a higher percentage of ICT spending among enterprises in India will be spent ‘on running business as usual with existing ICT systems’ than the percentage of ICT spending that would be used for ‘transforming businesses with new ICT systems.
The survey report provides information and insights into ICT spending by enterprises in India -
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