As we advance, the Indian market will observe increased focus around database management, security, and applications will reinstitute the growth.
In 2021, CIOs in India will continue to focus on keeping up business resiliency to enable a seamless and secure remote working model for their organization. As a result, the infrastructure software revenue in the country is projected to reach $4.6 billion in 2021. This is a 12% increase from 2020 – reveals the latest research study from Gartner, Inc.
Indeed, the improved trust in information management, automation, and integration will cater as a catalyst for progress in infrastructure software spending. And all enterprise infrastructure software segments are anticipated to return to growth this year.
According to the statistics, security software is most likely to have the most substantial growth (19.7%) since security-as-a-service offerings, as well as detection and response competencies, will improve. Even the data integration tools and data quality tools division will see the subsequent highest growth (about 18.7%) – due to the rapid cloud adoption in India.
The demand for superior detection and response use cases leveraging data analytics is increasing, and as a result, new vendors are bringing advanced technologies optimized for the analytics use cases. Indian companies are making the most of such innovative offerings from cyber-security software vendors.
In fact, there is an increased focus on regulations, governance, and higher appreciation of security waves in many areas of digital adoption as well as security by design. Thus, end-user organizations are expected to spend more on security software in 202 – as compared to the expenditure in 2019 and 2020.
Furthermore, the data quality tools and data integration tools segment will experience robust growth this year to the security part. With continued remote working norms in this digital era, the need for more secure, scalable, and reliable data integration tools among businesses will also continue.
Even though several product offerings are available within the data management market, most CIOs will prefer them that offer multiple data and analytic technologies in this unprecedented time to keep up and running their operations.
Vanitha Dv’Silva, Snr. Principal Research analyst at Gartner explains – “Technology was a key enabler for business to thrive during the pandemic, even with lower cash flows and struggling economies. CIOs in India understand that IT can be the driving force for their organizations’ growth and stability during unprecedented times.