IT Market in BRIC 2015-2019
About IT Market in BRIC
IT can be defined as an integrated platform that includes hardware, software and IT services. The role of IT in an organization is to integrate various business processes and thus ensure smooth flow of information and processes. IT also helps organizations align their business processes with various technologies. The IT market in BRIC countries has picked up a good start after the recession in the late 2000's and has been a growing market since then. The government initiatives in BRIC countries are supporting the growth of IT market in these regions.
TechNavio's analysts forecast the IT market in BRIC to grow at a CAGR of 11.72 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the IT market in BRIC for the period 2015-2019. The market is segmented into the following segments: Hardware, Software, and Services.
TechNavio's report, IT Market in BRIC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and a detailed discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – IT Market in BRIC 2015-2019
TechNavio recognizes the following companies as the key players in the IT Market in BRIC: Accenture plc, Cognizant Technology Solutions Corp., Digital China Holdings Ltd., Hewlett-Packard (HP) Co., Huawei Technologies Co., IBM Corp. and Lenovo Group Ltd.
Other Prominent Vendors in the market are: Acer, AsiaInfo Linkage, AsusTek, Atos Origin, Capgemini, China National Software, Cisco Systems, Dell, HCL Infosystems, IBS, Infosys, Microsoft, National Computer, Neusoft Group, Oracle, SAP, TCS, Wipro Infotech and Xerox.
Commenting on the report, an analyst from TechNavio’s team said: “The next stage of evolution of the global information network may be the IUnternet-of-things, which refers to grids of “objects” embedded with electronics, software, sensors, and connectivity. The IoT has opened up many opportunities on which BRIC countries are making their mark.”
According to the report, increase in government initiatives drives the growth of IT in the BRIC countries. For instance, a greater number of technology parks and SEZs attract foreign investors. The government has also worked to attract foreign investors and provide work opportunities to Brazilians.
Further, the report states that policy paralysis in BRIC countries hinders the growth of the market, as widening current account deficits negatively affect the IT spending in these countries.
Accenture, Cognizant, Digital China Holdings, HP, Huawei Technologies, IBM, Lenovo Group, Acer, AsiaInfo Linkage, AsusTek, Atos Origin, Capgemini, China NationalSoftware, Cisco Systems, Dell, HCL Infosystems, IBS, Infosys, National Computer, Neusoft Group, Oracle, SAP, TCS, Wipro Infotech, Xerox
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