Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
India’s expenditure on IT in the public sector will be the fastest growing in Asia, surpassing China over the next three years, according to a new report.
Indian government IT spending is forecast to grow from $1.4 billion in
2005 to $2.9 billion in 2009 with a growth rate of 19.6%. This growth
rate beats China, the second fastest growing country in Asia, which is
expected to have a growth rate of 14.6% during the same period.
According to a study by Springboard Research, a Singapore-based
research firm which specializes in high value IT market research, the
largest segment of spending within the government sector in India was
the internal security and defence sub-vertical -- consisting of the
entire defence establishment, internal security and public safety
agencies, border control and immigration, and intelligence.
This sub-vertical accounted for 14.4% of the IT spending in the
government sector, with public education having the second largest
share at 11.4%. The fastest growing area of IT spend was in managed
healthcare with a compounded annual growth rate of 22.1% from
2005-2009.
The study titled “IT Spending in the Public Sector in Asia:
Opportunities Abound”- examined key trends in the public sector in Asia
and provided in depth and granular information on the government sector
in these markets.
“India is playing catch up where the public sector is concerned, but it
is making the key technology investments that are needed to help
maintain the high rates of economic growth and to increase the speed
and efficiency with which government services are delivered,” said
Tirthankar Sen, research manager of Springboard’s India Research
Centre. “The government understands that heavy investments in
technology are needed to help India continue in its efforts to
modernize the public sector and attract foreign investment.”
Jonathan Silber, Senior Market Analyst- Public Sector for Springboard
Research, added, “India is among the lowest ranking countries in Asia
for per-capita spending on IT in the public sector, but based on the
growth rates we are seeing, we feel that India is making the
investments needed to increase the efficiency and capability of
government services. As the Indian economy continues to post high
growth rates, it will be crucial for the government to make sure that
technology investments are being made to support this economic growth.”
Springboard also found that within IT spending in the public sector,
spending on hardware accounted for the lion’s share of expenditure with
60% followed by IT services at 23% and software at 17%.
Interestingly IT services are expected to be the fastest growing area
of IT spending in the public sector with a CAGR of 21.9% from
2005-2009.
David Bass
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India’s expenditure on IT in the public sector will be the fastest growing in Asia, surpassing China over the next three years, according to a new report.
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