IT spend in Asia-Pacific to grow 9 pc: IDC

Information technology spending in the Asia-Pacific region is projected to grow at 9 per cent to over $110 billion in 2006, with China and India accounting for 64 per cent of the region's incremental market value. "For 2006, IDC predicts that spending on telecommunications services will grow at 8 per cent exceeding $175 billion for Asia/Pacific (excluding Japan). The economic outlook for 2006 is healthy despite continued global political health and environmental uncertainties. This combined with the relentless pursuit of enterprises and their employees to be more competitive bodes well for the information and communications technology (ICT) industry in the region" a latest IDC report has said.

Source: Business Line (The Hindu)

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Howard Sholkin
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