Asia-Pacific applications market generated $1.26 bln in 2005

Asia/Pacific (excluding Japan) applications market, valued at $1.26 bln in 2005, is expected to grow steadily at a 5-year compound annual growth rate (CAGR) of 10.6% to reach $2.08 bln by 2010. China continues to dominate the market with an estimated spending share of 31.1%. This is followed by Australia and India with approximately 24.8% and 9.5% market share by revenue, respectively, IDC says.