IDC expects 10% IT spending growth in Asia-Pacific

A recent user survey of over 3,000 enterprise and public sector CIO and IT managers region wide illustrates that better times for IT suppliers are surely ahead. This survey had 58% of respondents noting that overall IT expenditure will increase in 2004, compared to a minority of 2.5% noting a decrease in spending. A similar trend was observed for calendar year 2003 as well, with spending increases vastly outpacing spending decreases. Region wide, the surveyed average budget growth of between 11% to 13% for these two years, correlates strongly to our current regional forecasts for the enterprise segments.