Asia-Pacific IT services to generate $48.37 bln by 2010
IDC predicts 2010 is the year that the PRC will overtake Australia to be the largest opportunity for IT Services provision in the marketplace. Additionally, on current projections, in 2011, it is forecast that India will overtake Korea to become the third largest market in the region. IDC has forecast that the market will grow from $29.57 bln in 2005, to $48.37 bln in 2010. This represents a compound annual growth rate (CAGR) of 10% over the forecast period.