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Research and Markets: IT Market in India 2011-2015 - the IT Market in India to grow at a CAGR of 17.2 percent over the period 2011-2015(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (http://www.researchandmarkets.com/research/l7k3qr/it_market_in_india) has announced the addition of the "IT Market in India 2011-2015" report to their offering. One of the key factors contributing to this market growth is government initiatives to boost IT spending. The IT market in India has also been witnessing growing adoption of online retailing. However, barriers in IT penetration for SMEs could pose a challenge to the growth of this market. TechNavio's report, the IT Market in India 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on India and covers the IT market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors dominating this market space include Hewlett-Packard Co. HCL Infosystems Ltd., Cisco Systems Inc. and IBM Corp. Commenting on the report, an analyst from TechNavio's IT Services team said; Online retailing and e-commerce are the new and emerging technological advancements that have revolutionized online shopping in India. At present, there is an enormous number of Indian online shopping customers and this are expected to grow at a very fast pace during the period 2011-2015. A large number of online retailers indicate a rise in the adoption of online retailing; therefore, online shopping is one of the major trends in the IT market in India. This trend is expected to boost IT spending by the major online retailers. According to the report, cloud computing technology is expected to shape the IT market in India by generating new opportunities for IT vendors. The major IT vendors such as Microsoft and TCS are adopting cloud computing technology to widen their products and services offerings and enter new geographical segments. For more information visit http://www.researchandmarkets.com/research/l7k3qr/it_market_in_india CONTACT: Research and Markets, Laura Wood, Senior Manager. [email protected] Fax from USA: 646-607-1907 Fax from rest of the world: 353-1-481-1716 Sector: Computing and Technology (http://www.researchandmarkets.com/categories.asp?cat_id=4&campaign_id=l7k3qr) ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). (c) 2012 M2 COMMUNICATIONS |