India's tech spending to grow 8.7% in 2022, highest in Asia-Pacific
- IBEF
- February 14, 2022
India’s tech spending is likely to rise by 8.7% in 2022 this will be the highest growth rate in the Asia Pacific region. India’s tech leaders are going to spend 7% more on hardware in 2021 as compared to 2020.
India’s communication spending will rise by 6.9% as telecom companies expand their investments for 5g trials. India’s software category which didn’t experience a significant blow in 2020 will see a growth of 15% in 2021. According to the report, Infrastructure modernization, business process automation, and tech strategy consulting services are expected to be in high tech demand.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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