New Delhi, Sept. 26: The road ahead for Indian computer hardware manufacturers is likely to be smooth, with a projected computed annual growth rate of 9.5 per cent by 2006.
Gartner Inc. today announced that the Indian IT hardware end-user spending, estimated at $ 2.3 billion this year, will grow to $ 6.78 billion by 2006, at a CAGR of 9.5 per cent. This includes PCs, notebooks, printers, servers and workstations.
The Indian PC market accounted for sales of $ 1.6 billion in 2001, with a CAGR of 11.5 per cent from 2001 through 2006. PC end-user spending is estimated to contribute 85 per cent of the total end user spending in 2002 and will account for 90 per cent of the total market in 2006.