India IT Predictions 2009

This document provides vendor strategists with an overview of the India IT market predictions for 2009. Our research points at a positive outlook for the India IT market, despite the slowdown in growth of Indian IT spending amid the global economic crisis. The severity of the slowdown will vary across different verticals with telecom, utilities, and the public sector expected to continue to grow and retail and real estate expected to be hit the hardest. The document also includes the overall outlook for the Indian IT market in 2008, pointing at four major trends: green IT, collaboration and social networking, virtualization, and SaaS. The report names 3i Infotech as Indian IT Company of the Year and HCL/Axon as the Acquisition of the Year. The document also includes top 10 trend predictions for 2009, some of which are 3G unlocking enormous opportunities for IT vendors, economic pressures driving SMBs toward outsourcing, and SaaS and virtualization gaining traction in medium and large size enterprises.