High growth in Asian ICT spending predicted

Friday, 31 December 2004, 20:30 IST
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LOS ANGELES: Investment by Asian countries in information and communications technology (ICT) will grow by more than 10 percent in 2005, a leading IT advisory firm has predicted. The International Data Company (IDC) said in its latest forecast that the IT market in the Asia-Pacific region, excluding Japan, would maintain growth momentum and grow by 10 percent in 2005 to $97 billion, reports Xinhua. This would happen despite prospects of slower economic growth relative to 2004. The total telecom services market in the region would grow by 11 percent to $163 billion in 2005, driven primarily by growth in broadband and wireless services, the report said. IDC predicted 2005 would be a year of convergence, consolidation, innovation and realignment across all IT market areas. The IDC published its other top predictions for the market for 2005 for the Asia-Pacific region: * Wireless services market will overtake fixed-line services. * Consolidation and commoditisation of IT hardware infrastructure will accelerate industry realignment. * Linux will expand within server operating environments. * Offshore services and software outsourcing will accelerate. * Enterprise Solutions Platforms will reshape the application software business. * Digital home will establish a foothold in developed markets in the region.
Source: IANS