New Delhi: The Indian IT hardware industry is expected to grow in the range of 25-30 percent to USD 15.54-16.16 billion in the current fiscal, industry body MAIT said on Wednesday.
According to the annual MAIT Industry Performance Review (ITOPS) conducted research firm IMRB International, the IT hardware market is estimated to have touched USD 12.43 billion in 2013-14.
Asked about the outlook for the current fiscal, MAIT President Amarn Babu said: "The sector has immense growth potential and we are hopeful that the rise in the market will be in the range of 25-30 percent."
Babu said considering the low PC penetration in India (at 9.5 percent) compared to Russia's 57.1 percent, Brazil's 45.4 percent and China's 35.4 percent, the country has tremendous scope for growth.
IMRB International Group Business Director BIRD Biswapriya Bhattacharjee said the growth in the market is also fuelled by spending by small and medium businesses (SMBs).
"Establishments have shown an impressive growth largely driven by increase in adoption of technology products among SMBs. This clearly indicates that SMBs are seeing technology as a way to increase business growth," he added.
According to the survey findings, total PC sales between April 2013 and March 2014, combining desktops, notebooks and netbooks were at 11.85 million units, registering a growth of 6 percent over the last fiscal.
Desktop sales declined by 26 percent to 5.01 million units, while notebooks and netbooks taken together recorded a consumption of 6.84 million units, growing 55 percent over the last year.
PC sales are expected to be around 12.21 million units in fiscal 2014-15, a growth rate of three percent.
Tablet PC sales grew by 76 percent as against a triple-digit growth in the last two years. Sales in 2013-14 stood at 3.35 million units as against 1.9 million units in 2012-13.
