Technology has undeniably become indispensable to business success and directly enables companies to not only survive, but even thrive during one of the most disruptive times in history. IT Vendors play a key role in transforming and strengthening the industry.

For the 12th year in a row, the VARINDIA Brand Book has been talking about how the tech brands are evolving with their innovations. Emerging technologies are helping the companies to be more productive.

India’s IT spending is expected to increase by 2.6% in 2023. Indian firms will continue to expand their investment in important information technology categories in the next year, despite the impending tensions of global inflation and the declining currency. The datapoint shows, FY2022 was a stellar year for India’s technology sector, with its highest-ever growth rate of 15.5% at a revenue peak of $227 billion.

The economic headwinds are likely to create challenges for the technology industry. However, the industry is also well-positioned to weather these challenges. The technology industry is constantly innovating, and it is always looking for new ways to grow.