TMCnet News

Gartner Says Indian Insurers to Spend 4.2 Billion Rupees on Mobile Devices in 2015; Spending on Tablets to Continue Growth Momentum in 2015
[October 14, 2014]

Gartner Says Indian Insurers to Spend 4.2 Billion Rupees on Mobile Devices in 2015; Spending on Tablets to Continue Growth Momentum in 2015


(M2 PressWIRE Via Acquire Media NewsEdge) Goa, India - The Indian insurance market is forecast to be the third fastest growth market for ICT after retail and banking in 2015, according to Gartner, Inc. With a projected growth rate of 9.4 percent, insurance companies are on pace to spend 118.9 billion rupees on IT products and services in 2014, and spending will increase to 130 billion rupees in 2015.



This forecast includes spending by insurers on internal IT (including personnel), hardware, software, external IT services and telecommunications.

Indian insurance companies are on pace to spend 4.2 billion rupees on mobile devices in 2015, with spending on tablets to increase by 64 percent over 2014. This growth is occurring even as spending on PCs is forecast to decline year-over-year in 2014 and 2015.


"Insurers in India are looking at how they can extend access to corporate applications via mobile devices," said Derry Finkeldey, research director at Gartner. "This not only leads to spending on the devices, but also on mobile data management (MDM) platforms and other application development." Further information on insurance sector IT spending is available in the Gartner report, 'Forecast: Enterprise IT Spending by Vertical Industry Market, Worldwide, 2012-2018, 3Q14 Update', available at http://www.gartner.com/document/2868719.This vertical industries forecast provides total enterprise IT spending, including internal spending and multiple lines of detail for spending on hardware, software, IT services, and telecommunications for vertical industries and 43 countries within seven geographies.

About Gartner Symposium/ITxpo Gartner Symposium/ITxpo is the world's most important gathering of CIOs and other senior IT executives. This event delivers independent and objective content with the authority of the world's leading IT research and advisory organization, and provides access to the latest solutions from key technology providers. Gartner's annual Symposium/ITxpo events are key components of attendees' annual planning efforts. IT executives rely on these events to gain insight into how their organizations can use IT to address business challenges and improve operational efficiency.

Additional information for Gartner Symposium/ITxpo 2014 in Goa, October 14-17, is available at www.gartner.com/in/symposium. Members of the media can register for the event by contacting Sony Shetty at [email protected].

Additional information from the event will be shared on Twitter at http://twitter.com/Gartner_inc and using #GartnerSYM.

Upcoming dates and locations for Gartner Symposium/ITxpo include: October 27-30, Sao Paulo, Brazil: www.gartner.com/br/symposium October 28-30, Tokyo, Japan: www.gartner.com/jp/symposium November 9-13, Barcelona, Spain: www.gartner.com/eu/symposium November 17-20, Gold Coast, Australia: www.gartner.com/au/symposium Contacts Sony Shetty Gartner +91 9820900036 [email protected] About Gartner Gartner, Inc. (NYSE: IT) is the world's leading information technology research and advisory company. We deliver the technology-related insight necessary for our clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, we are the valuable partner to clients in over 9,000 distinct enterprises worldwide. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, USA, and has 6,400 associates, including more than 1,480 research analysts and consultants, and clients in 85 countries. For more information, visit www.gartner.com.

.

(c) 2014 M2 COMMUNICATIONS

[ Back To TMCnet.com's Homepage ]