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Thursday, October 27, 2005

The Indian Domestic IT Market :

Continuing with the trend of global PC growth, the Indian PC market recently crossed yet another milestone recently with one million PC shipments in a single quarter. I had been tracking PC deployment measures in India for a long time - from shipping the millionth PC across several years, million PCs in an year, Million PCs in six months to Million shipments every quarter - Next could be Million PCs every month - possible with the entry of Low Cost PC's ( may be mobile handsets are already doing it)or if the prediction that the next PC revolution will be televised comes true, fast enough. During the AMJ quarter of 2005, the Indian PC market witnessed a 9% sequential and 31% year-on-year growth to reach 10.5 lakh units. With price points either falling or stabilizing across all form factors, it was reported that the momentum was expected to continue in the coming months.The Indian domestic IT market is seen to be showing a lot of Buoyancy and is headed towards a heady growth in the nest few years. No doubt, the opportunity within Indiahome to over one billion people - drives from its very hot economy: GDP growth will be around 7% this year and next, corporate profits are on the rise, the stock market is booming, and inflation is under control despite the rise in oil prices. There is a sense of excitement in the business community, and strong economic growth is anticipated over the next decade or more. While most growth will come from IT and BPO exports, the domestic IT market in India, which accounts for around one-third of the total IT industry revenues, will also grow at a CAGR of 19% over 2004-2009. There are some good sectoral assessments and forecasts – regionwise, verticalwise done – a good snapshot. I was curious to cross reference information about the chinese domestic market - while data could be available from multiple sources, wanted to stick to IDC and find that there china country site is in Chinese - two immediate things to note : One obviously a robust and buoyant market and the second one - choice of language signifies the difference between these two giants.

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Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld
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