The firm had first predicted for a 3 per cent growth in worldwide IT spends, which got revised down to 2.7 per cent in January this year.
Gartner also sees a huge focus on Internet of Things (IoT), data integration, data management and analytics by Indian companies, especially in the consumer packaged goods (CPG) and manufacturing sectors
At this point, a valuation of USD 11.6 billion for Flipkart looks appropriate, said Mohandas Pai, Chairman of Manipal Global. A higher valuation means more pressure to perform, he added.
Gartner in its report, has slashed its overall IT spending estimates for 2017 to 1.4 percent from 2.7 earlier, owing to the strengthening dollar. It feels the country's IT spending will touch USD 3.5 trillion this year.
The global spending on these end-user devices is expected to grow from USD 587.2 billion in 2016 to USD 599.13 billion in 2017 and further rise to USD 627.16 billion in 2019, Gartner said in a report.
As need for manpower continues to shrink for traditional application and maintenance business, IT companies are reskilling their million-strong workforce in newer technologies. Developers today need to focus on full-stack programming rather than specialize in a particular technology. Full stack programmers can work on both front end and back end tech, including design.
Business intelligence (BI) and analytics software market revenue globally is likely to reach USD 18.3 billion this year, an increase of 7.3 percent from 2016, research firm Gartner today said.
Apple toppled Samsung as numero uno player in the global smartphone market with 17.9 percent share in the December quarter, research firm Gartner said today.
The forecast includes spending by the Centre and state governments on internal services, software, IT services, data center systems, devices and telecom services.
Even though the research firm did not attribute any specific reasons for its estimates in the press statement, it can be noted that this comes amid a greater thrust on technology through campaigns like 'Digital India'.
Public cloud services market in India is projected to grow 38 per cent to USD 1.81 billion in 2017, according to research firm Gartner.
For the entire year, shipments tumbled 6.2 percent to 269.7 million units compared to 2015, marking the fifth-straight year of decline, Gartner said.
Shipment of devices like PCs, smartphones and tablets is expected to remain flat this year to total 2.32 billion units, according to research firm Gartner.
Desktop PC continues to be most popular corporate device among businesses, a reflection that mobile device adoption in the workplace is not yet mature, according to Gartner.
The survey by Gartner Inc. showed that in the third quarter, three Chinese vendors -- Huawei, Oppo and BBK Communication Equipment -- together accounted for 21 percent of the smartphones sold worldwide, and were the only vendors in the top five to increase sales.
"Driven by growth in software and IT services revenue, IT spending in India is forecast to reach USD 72.4 billion in 2017, up 6.9 percent from 2016 estimated spending of USD 67.7 billion," Peter Sondergaard, Senior Vice President Research, Gartner said.
The forecast includes spending by insurers on internal IT (including personnel), hardware, software, external IT services and telecommunications.
This forecast provides total enterprise IT spending for internal spending and spending on data center, devices, software, IT services and telecom services, Information technology research and advisory company Gartner said.
"The banking and securities industry is increasingly working towards investing in core banking solutions to transform the legacy systems," Moutusi Sau, principal research analyst at Gartner said in a statement.
Microsoft India Chairman Bhaskar Pramanik stresses on the need to secure India's critical infrastructure from malware to take the Digital India transformation forward.
HP, which houses the hardware business of former Hewlett-Packard Co, said in February it would accelerate its restructuring program and slash around 3,000 jobs by the end of fiscal 2016.
"The global devices market is not on pace to return to single-digit growth soon. Growth is on pace to remain flat during the next five years," Gartner Research Director Ranjit Atwal said.
â€œThe global devices market is not on pace to return to single-digit growth soon,â€ said Ranjit Atwal, research director at Gartner.
Organisations don‘t intend to spend on big data because they are moving from vague notions of data and analytics to specific business problems that data can address.
The government is on track to spend USD 7.2 billion on IT products and services in 2016, an increase of 2.4 per cent over 2015, research firm Gartner today said.