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Goa, India, October 14, 2014

Gartner Says Indian Insurers to Spend 4.2 Billion Rupees on Mobile Devices in 2015

Spending on Tablets to Continue Growth Momentum in 2015

The Indian insurance market is forecast to be the third fastest growth market for ICT after retail and banking in 2015, according to Gartner, Inc. With a projected growth rate of 9.4 percent, insurance companies are on pace to spend 118.9 billion rupees on IT products and services in 2014, and spending will increase to  130 billion rupees in 2015.

This forecast includes spending by insurers on internal IT (including personnel), hardware, software, external IT services and telecommunications.

Indian insurance companies are on pace to spend 4.2 billion rupees on mobile devices in 2015, with spending on tablets to increase by 64 percent over 2014. This growth is occurring even as spending on PCs is forecast to decline year-over-year in 2014 and 2015.

“Insurers in India are looking at how they can extend access to corporate applications via mobile devices,” said Derry Finkeldey, research director at Gartner. “This not only leads to spending on the devices, but also on mobile data management (MDM) platforms and other application development.”

Further information on insurance sector IT spending is available in the Gartner report, ‘Forecast: Enterprise IT Spending by Vertical Industry Market, Worldwide, 2012-2018, 3Q14 Update’, available at http://www.gartner.com/document/2868719.This vertical industries forecast provides total enterprise IT spending, including internal spending and multiple lines of detail for spending on hardware, software, IT services, and telecommunications for vertical industries and 43 countries within seven geographies.

About Gartner Symposium/ITxpo

Gartner Symposium/ITxpo is the world's most important gathering of CIOs and other senior IT executives. This event delivers independent and objective content with the authority of the world's leading IT research and advisory organization, and provides access to the latest solutions from key technology providers. Gartner's annual Symposium/ITxpo events are key components of attendees' annual planning efforts. IT executives rely on these events to gain insight into how their organizations can use IT to address business challenges and improve operational efficiency.

Additional information for Gartner Symposium/ITxpo 2014 in Goa, October 14-17, is available at www.gartner.com/in/symposium. Members of the media can register for the event by contacting Sony Shetty at sony.shetty@gartner.com.

Additional information from the event will be shared on Twitter at http://twitter.com/Gartner_inc and using #GartnerSYM.

Upcoming dates and locations for Gartner Symposium/ITxpo include:

October 27-30, Sao Paulo, Brazil: www.gartner.com/br/symposium

October 28-30, Tokyo, Japan: www.gartner.com/jp/symposium

November 9-13, Barcelona, Spain: www.gartner.com/eu/symposium

November 17-20, Gold Coast, Australia: www.gartner.com/au/symposium

About Gartner

Gartner, Inc. (NYSE: IT), is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow.

Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and objective resource for more than 15,000 organizations in more than 100 countries — across all major functions, in every industry and enterprise size.

To learn more about how we help decision makers fuel the future of business, visit gartner.com.

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