Domestic IT market to touch Rs 110,000 crores in 2008: IDC

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Mumbai, Jan 3 (UNI) As part of its annual predictions for the domestic IT market for 2008, IDC India has said domestic IT / ITeS market revenues will touch Rs 110,000 crores while sustaining 27 per cent growth rate of last year.

According to IDC - a research agency, 2008 marks the beginning of what is called ''Growth Phase 2.0'', which is essentially characterized by new opportunities arising out of leveraging existing IT infrastructure and technical capabilities.

By doing so, ''Growth Phase 2.0'' will see new-age services being offered to Indian consumers and enterprises.

''Growth Phase 2.0'' will witness the domestic IT market transforming significantly and ''coming of age'' both in terms of technology and penetration.

There will be greater demand for more sophisticated consumer and enterprise services.

There will be the advent of what is called ''consumer IT'' in the domestic IT market, and this sector will only mature further, driven by the launch of new consumer Internet and telecommunication services (fixed-mobile convergence, Web 2.0, social networking sites, online and mobile gaming, music and video downloads), as also growth in shipments of mobile handsets, consumer notebook PCs, and accessories.

Even as vendors reach out to newer geographies, India will continue to remain the center of attraction. With greater convergence of media (different media coming together), customers will get a variety of choices in all markets.

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