New Delhi: The Indian information technology (IT) market is expected to grow at around 15.5 per cent in 2010, on the back of growing investor confidence and favourable initiatives taken by the government, according to a study by Springboard Research.

Organisations are expected to initiate new large scale projects requiring significant IT infrastructure-related investments, according to Research Manager, Manish Bahl at Springboard Research.

The study also highlighted a shift in enterprise IT spending from focusing on new investments to streamlining costs and improving internal efficiencies.

The research highlights that Indian companies have received an impetus to be more productive due to the recent global economic and financial crisis. The Indian IT-BPO exports are projected to increase by 13-15 per cent in 2010-11 as per the IT industry body, the National Association of Software and Services Companies (NASSCOM).