The total domestic IT/ITes market revenue will touch Rs. 1,10,000 crore in 2008 which is 24% over 2007.The above is a key prediction by IDC India. Outline of the report is as below:
The trend for the coming year will be enterprise and consumer services. IT deployment will be across all market segments, including a number of emerging verticals. The government IT infrastructure is also likely to scale up. The consumer IT Sector will be driven by the Internet, Mobile convergence, web 2.0, social networking etc. Virtualization, Uptime, availability and performance management of infrastructure and applications to be at the core of innovation. Broadband will emerge as a favored choice in 2008, though mobile Internet will continue to grow as an alternative Internet access medium.

In the first half of 2008, all major operators will be offering broadband up to 8 Mbps to consumers in metros and some other key cities. Fixed Mobile Convergence (FMC) will signal the onset of a new battle in the Indian telecom sector; integrated service providers will gain edge, the stage will also be set for a significant onset of Unified Communications (UC) services.
Web 2.0 market in India to take off in 2008, shakeouts and a possible string of consolidations to follow. With over 75 active Web 2.0 start-ups in 2007 and global heavyweights like Orkut, Wikipedia, YouTube and Frickr enjoying a mindshare of Indian users, the market is poised for a take-off in the second half of 2008. The entry of big players in the market will lead to increased spend on marketing and promotions. This will lead to increased user awareness and participation, something that will benefit and accelerate the overall Web 2.0 market in India.
IT Solutions (hardware + software + services) delivery will witness change in 2008 with pockets of success and growing awareness setting the stage for wider market adoption. Fast-maturing Small and Medium Business (SMB) segment to be a key driver. The year 2008 will also witness traction in markets like CRM, Document Management (DMS) and Human Capital Management (HCM), payroll. 2008 will witness a major expansion of Software-as-a-Service (SaaS) as a way to accelerate SMB penetration and Service Oriented Architecture (SOA) adoption. This will be helped by the emergence of Indian “niche vendors” as well as multinational application software players.