IT spending in Asia-Pacific to grow 10% in 2005
IT spending in Asia/Pacific excluding Japan (APEJ) is expected to remain robust in 2005, replicating its growth of 10% in 2004, as compared to 2003. Total IT spending in the region will reach $97 bln in 2005, driven by a healthy 15% growth in China (excluding Hong Kong) and 22% growth in India. These two countries will account for 42% of total IT spending in APEJ in 2005, with China being the more dominant market with 33% share of total IT spending in APEJ. The high growth product/service market segments in 2005 will be: smart handheld devices, IT planning and implementation services, IT training and education, application software, and system infrastructure software.