"We believe that SaaS will actually meet burgeoning customer expectations in India as well as globally," Rai said.
Intel said increasing influence of artificial intelligence-based solutions across verticals is expected to push companies to spend 8-11 pc more over the next 18 months.
Xiaomi India has plans to set up more plants and add capacity to manufacture phone and products in other categories.
HP Inc maintained its leadership position in the overall traditional PC market with 31.1 per cent share in the third quarter this year.
Chinese smartphone maker OnePlus has almost doubled its market share in the premium smartphone segment in India, capturing 28 percent market share.
If Broadcom's unsolicited $103 bn bid for Qualcomm succeeds, it could set up a battle with Intel for dominance in the production of next gen of communications chips.
The global IoT market spend will grow from $625.2 billion in 2015 to $1.29 trillion in 2020, with a compound annual growth rate (CAGR) of 15.6 percent.
Lenovo is aiming at a 22% market share in PC sales in the current financial year, an official of the company said.
Lenovo beat Samsung to capture the top position in the tablet market in India with 21.8 percent market share in the second quarter of 2017.
Huawei has been ranked 83rd in the 2017 Fortune 500 list released by Fortune business magazine, the company announced.
Sells 85% of units in Project Forest Edge on day of launch
Board approves buyback of upto Rs 166 Cr At Rs 1,100/Sh
Gets environment approval for pesticide plant in Gujarat
Taj Mansingh Bidding may be delayed by a month
Business Standard Reports
BANK OF INDIA
Defers Rs 3,000 Cr QIP as Govt Infuses Rs 2,257 Cr
Business Line Reports