With continued market volatility and uncertain economic conditions, the IT spending outlook of India Inc has become cautiously optimistic, as per ‘The Enterprise IT Investment Trends Survey 2012’. According to the survey, 60% of the Indian CIOs plan to increase their IT spending (both, Opex and Capex) in 2012-13. About 20% of them qualify the increase in Capex to be greater than 20% in the current financial year, while IT spending by Indian corporations will experience a steady increase, CIOs will be cautiously optimistic this year.

IT spending priorities of the Indian CIOs list for the year 2012-13 as business continuity, cost reduction, improving IT function effectiveness, Business Intelligence, and Information Security. Amongst Applications, Budgeting, Planning and Consolidation (BPC), Mobile Apps, and CRM will attract sizeable chunk of IT spending. While Virtual Desktop will gain momentum, security audits and software testing will prove demand drivers for outsourcing in the current financial year.