Quoting from Chennai Online IT:
IT research firm IDC (India) Limited has predicted that the domestic IT/ITeS market revenue will touch Rs. 1,10,000 crore in 2008 while sustaining the growth of 27 per cent recorded in 2007.
This would result into the market growing at 24 per cent in 2008 over 2007. The year 2008 is set to mark the beginning of Growth Phase 2.0 to be characterised by opportunities arising out of the leveraging of the IT infrastructure built up so far.
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IDC India expects India revenues to grow the fastest during 2006-2011 amongst all BRIC nations even if the focus moves beyond the BRIC countries. India, currently contributes to about one fifth of the total BRIC revenues.
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IDC India estimated the share of virtualized servers to double from the present 22 per cent to 45 per cent by 2008-end. Riding on the success of server virtualization, storage virtualization is also coming of age in India…
Read the whole article at the source.
The virtualization.info Virtualization Industry Predictions has been updated accordingly.