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Study projects IT services growth at 12%

Study projects IT services growth at 12%
The IT services market in the country is estimated to reach USD 10.2 billion in 2013, a 12 per cent increase from an estimated USD 9.1 billion market in 2012, research firm Gartner said on Friday.

India’s IT services market offers significant opportunities for IT services providers because of the increasing needs and wants of IT buyers, Gartner said in a statement.

As companies grow in size and scale, the market is likely to see larger IT services deals with more sophisticated deal engagement practices, it added.

The IT services market in India is forecast to grow by 12 per cent from an estimated USD 9.1 billion market in 2012 to reach USD 10.2 billion in 2013, Gartner said.

This market has a critical mass that is worth tapping into and has the potential to expand further with ‘as a service’ type service offerings, it added.

‘Although India’s IT services growth rate has slowed in the past two years, the rate of growth remains relatively high,’ Gartner principal research analyst Arup Roy said.

Services spending on the transparency and efficiency related projects from the government like Unique Identification Authority of India and Accelerated Power Development and Reforms Programme are expected to drive service spending, Gartner said.
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