Processing .....please wait.. 
The article has been forwarded.... 
News >> Technology >>
Global ICT spending to top $3.7 Mn in 2008: Report
By siliconindia
|
Saturday, 24 May 2008, 02:04 IST
Kuala Lumpur: A study by the World Information Technology and Services Alliance (WITSA) indicates that the global information and communications technology (ICT) market will reach $3.7 trillion this year and $4.0 trillion by 2011.
The report, titled "Digital Planet 2008", released by WITSA in conjunction with the ongoing 16th World Congress on Information Technology (WCIT 2008), indicated that slowing economies in developed countries would lead ICT spending into a period of slower growth up to 2011.
The semi-annual WCIT being held at the Kuala Lumpur Convention Centre here brings together several thousand industry leaders in the premier global ICT gathering.
"Global demand for ICT is growing and it remains a lifeline for economic growth across all industries and in all economies," said WITSA chairman George Newstrom.
"It remains critical for the private and public sectors around the world to work together to address the business and policy issues that collectively impact the ICT market. WITSA's focus on trade policy, Internet governance and other policy priorities is key to meeting our shared goal," he said.