Digital transformation spending in India to reach $85 bn by 2026


New Delhi, Dec 6 (IANS): The digital transformation (DX) spending in India is likely to reach $85 billion by 2026 as firms in the country aim to reduce the costs by increasing efficiency, improving security/risk capabilities, and improving customer experience via tech-enabled digital transformation, a report said on Tuesday.

More than 95 per cent of Indian organisations plan to increase DX spending or keep at the same level in 2023, according to the IDC.

During the pandemic, digital transformation aided Indian organisations to survive the challenges and sustain competition.

The lockdown and remote working forced organisations to charter the course for digitisation efforts.

According to IDC research, manufacturing (discrete and process), professional services, banking, government, retail, and telecommunications are the top industries spending on DX in India.

"DX is all about embracing the right technologies; combined with people, processes, and operations that give organisations the ability to evolve and respond in the best possible way to unpredictable and dynamic market conditions," said Neha Gupta, senior research manager, IDC India.

Indian organisations are gravitating towards the cloud, automation, artificial intelligence (AI), network infrastructure, Internet of Things (IoT), and other advanced technologies to transform them digitally.

"The current headwinds such as IT supply chain disruptions, inflation, and global geopolitical issues, are likely to persist. Indian organisations must look at these factors as enablers of digital transformation," said Rithika Ponnala, senior market analyst, Digital Transformation practices, IDC India.

 

  

Top Stories

Comment on this article

  • Arunita Sharma, Delhi, India

    Tue, Apr 04 2023

    Building a digitally enabled environment is really a task that only happens because of the utmost enthusiasm and learning capability of Indians of all age groups. So, before all those businessmen, kudos to all the non-tech turned tech-adaptable Indians.

    DisAgree Agree Reply Report Abuse

  • Shivam Thakre, Mumbai

    Fri, Mar 03 2023

    However, Pandemic change our life ups side down but if give us the new normal phenomena and we experience Digital Tranformation. It slowly taking every sector under the advancement that ease our life for day to day chores. Thanks to the Government of India.

    DisAgree Agree [2] Reply Report Abuse

  • Tilak Verma, India

    Mon, Dec 19 2022

    After the pandemic, Digitalization shows up boom in India and many Indian businessman such as Siddharth Mehta IL&FS, Natarajan Chandrasekaran of Tata Group, Reliance Chairman Mukesh Ambani support the Digital campaign run by Indian Government and it results fabulously that shows in this article.

    DisAgree Agree [5] Reply Report Abuse

  • Jacky Thomas, Pune, India

    Thu, Mar 16 2023

    Definitely, the post-pandemic India is way ahead in digitalization than the previous one and it only possible becuase of our Government and such great business leaders, but we cannot ignore those small business owners, vendors, those housewives, old aged people, non-tech teachers and every other citizen who participated equally in building this digitalized nation.

    DisAgree Agree [1] Reply Report Abuse


Leave a Comment

Title: Digital transformation spending in India to reach $85 bn by 2026



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.