With 5.5 percent growth in overall IT revenue projected for 2015, India is set to be the fastest-growing IT market worldwide, says Santhosh Rao, principal research analyst at Gartner.

The technology lag that once existed between India and other key technology markets is closing, according to Gartner. More local vendors are entering emerging technology segments in India, covering areas such as crowdsourcing, disaster recovery as a service and the Internet of Things (IoT). Perched at the peak of this year’s Peak of Inflated Expectations, the IoT is top of mind for many Indian enterprises.  Gartner believes that the IoT can benefit Indian enterprises in multiple ways, but for successful IoT implementation, Indian organizations will first have to understand the business use case for which they want to use IoT for. Success will also depend on aligning the IT and operation technology (OT) resources, processes and people carefully. Therefore, experimenting with pilot projects to understand the implications on people, process, technology and the business is an essential first step for Indian organizations. Behind the IoT on the hype cycle, at the Innovation Trigger is , bimodal IT. It is a paradigm shift in how IT approaches its role within the enterprise. With technology becoming a more critical element of supporting business growth in a digital business era, it is imperative that IT adopt an approach that allows it to support the needs of the business at the pace of business change. “The Indian economy has recently shown signs of resurgence, with increased efforts by the government toward ease of doing business, which has triggered a significant increase in foreign direct investment (FDI),” said S Rao of Gartner.