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Friday 17 June 2016

Forecast of growth in different IT services

  1. IT service: Including consulting, software support, business process outsourcing, IT outsourcing, implementation, and hardware support is expected to grow 8.8% in 2016 to reach $1.6 billion
  2. BPO: Business process outsourcing sub-segment will grow by 22%
  3. Software: Govt spending will total $938 million in 2016, a 9.9% increase from 2015
  4. Telecom services will be at $1.5 billion, with the mobile network services sub-segment recording the fastest growth of 3.5 percent in 2016 to reach $793 million
  5. Driver: The ‘Digital India’ initiative is driving the investments in the government sector

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