PC market in India declines in second quarter, Planview to invest $125M
Here is your daily dose of key developments from the technology world of India.
India PC market declines by 15.3% in second quarter of 2023: IDC
The India traditional PC market, inclusive of desktops, notebooks, and workstations, continued to struggle as it shipped 3.2 million units in the second quarter of 2023, recording a 15.3% year-on-year (YoY) decline, according to International Data Corporation (IDC).
The Worldwide Quarterly Personal Computing Device Tracker of IDC said in the second quarter of 2023, all the product categories declined on a YoY basis. While the volume driver notebook category declined by 18.5% YoY, the desktop category, which had been on a growth trajectory until last quarter, also declined by 7.0% YoY. Both the consumer and commercial segments were in the red, declining by 17.0% and 13.8% YoY respectively.
The education and government segments continued to drive the PC market while the enterprise segment continued to struggle. Government-driven education projects for a few states like Madhya Pradesh, Gujarat, and Tamil Nadu propelled the education segment, which grew by 43.7% YoY.
“The India consumer PC segment has started showing signs of recovery as market sentiment is improving. Despite a YoY double-digit decline, it clocked a strong double-digit QoQ growth. PC vendors successfully ran college campaigns and got good traction. The improved performance of their e-tail channels has also provided much-needed respite to the consumer segment,” said Bharath Shenoy, Senior Market Analyst, IDC India.
HP Inc led the market with a share of 31.1% in 2Q23 and a strong showing in both the consumer and commercial segments. Lenovo stood second with a share of 16.2% and Dell Technologies stood third with a share of 15.3%.
Planview opens centre in Bengaluru
Planview, an enterprise software company, has opened its new global capability and innovation centre (CIC) in Bengaluru and plans to invest $125 million. According to the company, the expansion of its footprint in India is a key strategy to support its growth and expand its capabilities.
Planview plans to invest $125 million into headcount and centre operating expenses in the next four years to drive a strong growth trajectory in the region and support customers across the globe.
“In the next 18 months, more than half (55%) of all Information and Communication Technology (ICT) investment will focus on transformation, with many of those initiatives led by teams in India innovation centres,” Planview CEO Razat Gaurav said.
The company has increased the headcount and capacity by over 250% in the last two years across functions spanning data science, R&D, partners/strategic alliances, business applications, cybersecurity, professional services, managed services, and premium customer care.
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Genpact extends partnership with McKesson
McKesson, a diversified healthcare services leader, and BPM company Genpact have extended their relationship to focus on advancing the operating model, scaling operating capabilities with digital initiatives, and evolving customer-centric models.
The extension builds on a 13-year association of simplifying and standardising McKesson’s finance processes, leveraging its vision, operational excellence, and enterprise strategy roadmap, combined with Genpact’s process expertise. The companies have delivered digitally-enabled automation and other advanced technologies to drive greater effectiveness and efficiencies in McKesson’s finance processes.
Genpact has partnered with McKesson to improve the delivery of finance capabilities in a more cost-efficient manner, improving customer and partner experience and Net Promoter Score (NPS).
LTIMindtree bags deal from Aflac
LTIMindtree has been selected by Aflac Incorporated, a provider of supplemental insurance in the United States, to digitally transform the organisation by leveraging the cloud-native services of Amazon Web Services (AWS).
As part of the engagement, LTIMindtree will rearchitect Aflac’s on-prem applications that are currently deployed on an out-of-support platform.
The cloud-first approach to AWS solution, built on reusable UI components and common business functionalities as services, will capitalise on the salient features of AWS tools such as Amazon CloudFront, AWS Key Management Service (KMS), AWS Secrets Manager, and Serverless components like Lambda to ensure that the solution design is in line with the AWS Well-Architected Framework.
Edited by Kanishk Singh