Asia Pacific region (excluding Japan) is likely to lead the global IT recovery with sales of IT and communications products and services almost doubling this year, according to a release.
While China is expected to remain number one in overall market size, the Indian domestic market is likely to grow by 25-30 per cent. The Indian market is estimated to be the fastest growing ICT market in the world, according to Gartner.
The combined PC desktop and notebook shipments in Asia Pacific are expected to grow 11 per cent to 23.4 million units this calender year from 21.2 million units in 2002.
Gartner recommends that the major Indian IT service providers should chalk out their plans to enter China.
Government spending in India will provide a significant boost to the Indian IT industry, the release said. Both the central government and key states like Andhra Pradesh, Karnataka, Tamil Nadu, Kerala, Madhya Pradesh, Maharashtra and Gujarat will continue or start strong investments in e-government, related applications and infrastructure.
The business process outsourcing (BPO) industry will grow and investments in captive units of large MNCs will continue to be the key driver in the industry. India will remain the undisputed leader as an offshore BPO destination, the release said.
2003 will be the year for consolidation of the BPO industry in India. The future looks promising as the BPO industry is set to grow but the business case should be approached with a clear long term perspective, Gartner vice-president and research director offshore BPO Sujoy Chohan said.