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IT Spending Predictions for 2021 to Boost Tech Companies Morale
Digital transformation is on a fast-track as IT spending has increased due to Covid-19. Even before the pandemic, most businesses realised the importance of digital and online models and had made decent progress to keep business agile and address larger markets. Pandemic reinforced the importance of technology investments to extend flexibility in different lockdown scenarios including Work from Anywhere. Most IT firms focused around empowering secured digital business did well despite India’s GDP posting negative growth; few companies have also shown a double digit growth for Fiscal year 21.
Forward looking companies did a lot of saving around business travel and office expenses during pandemic most of which was invested around securely extending business apps to all stakeholders, strengthening authentication and end point security, ensuring optimal app performance for Work From Anywhere scenarios and securing endpoint data. Business continuity was another key focus area with investment in hybrid cloud models for bursting in and out of multi-clouds from private and seamlessly managing it remotely. With rapid recovery during the 2nd half of Fy21 and India poised for the fastest GDP growth for Fy22, all hopes are on the growth opportunities for the IT fraternity focused around services and solutions to empower business to power safe, secure and scalable digitisation of business. We expect relevant IT to grow at 2X of GDP which would be around 26% for Fy22.
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Launch of Gujarat Election Campaign in Ahmedabad
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