Pac IT spending to reach US$330 bln by 2006
Sarawak Tribune - Friday, 3 January, 2003 Page 10
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LUMPUR - Information Technology (IT) spending in the Asian Pacific Rim
region is expected to grow to US$330 billion (US$1 = RM3.8) in 2006 from
US$257 billion in 2002 with the region's share of worldwide spending
rising to 22.9 percent from 21.1 percent.
Aberdeen Group, a leading market analysis and positioning services firm
Aberdeen Group, said in a statement released here yesterday that the
region's growth will be led by China and India with its IT spending
growing annually at 14.6 percent and 10.9 percent, respectively, between
2002 and 2006.
and Australia will follow with growth rates of 10.8 percent and 7.1
percent respectively, Aberdeen said in quoting its new report on
"World IT Spending 2003-2006: Measuring the Incremental
report said Japan, which has the highest spending in the region and the
second largest IT spending in the world, will have the lowest projected
growth rate (2.25 percent) between 2002 and 2006 of any country in the
Asian Pacific Rim due to its continuing economic distress and lack of
Asian Pacific Rim region has a very diverse constituency and
correspondingly diverse growth prospects," said Hugh Bishop, Aberdeen
senior vice president and author of the report.
surprisingly, however, the region's most developed countries do not differ
from the IT spending patterns in North America and Europe. China and
India, in particular, are poised for explosive IT spending growth over the
next four years."
report also said that the hardware, software and services mix of IT
spending for the Asian Pacific Rim region, will reflect the region's
overall composition of developed and developing economies.
the region ranks a close third in overall regional IT spending to North
America and Europe, it contains far more developing economies that either
of the other two. Consequently, Aberdeen said that hardware will continue
to dominate IT spending, increasing to US$155 billion in 2006 from US$124
billion in 2002.