High growth in Asian ICT spending predicted
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High growth in Asian ICT spending predicted

Friday, 31 December 2004, 08:00 Hrs
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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
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