The global consulting firm added that software spending in India is projected to record the highest annual growth rate, increasing 17 percent in 2025.
Gartner predicts that by 2025, more than 50 percent of application software offerings with GenAI capabilities will carry an associated price premium.
Pricing options will continue to evolve through 2025 as buyers are tested for their willingness to pay a GenAI premium, the report added. "In 2025, Indian chief information officers (CIOs) will start allocating budgets for generative AI (GenAI) beyond initial proof-of-concept projects," said Naveen Mishra, VP Analyst at Gartner.
This story is from the November 13, 2024 edition of The Business Guardian.
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This story is from the November 13, 2024 edition of The Business Guardian.
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