IT Spending in Asia Pacific SMB to Hit $60 billion
IT spending for the Asia/Pacific excluding Japan (APEJ) region's Small-, Medium-, and Medium-Large-Sized Businesses is predicted to exceed US$52 billion in 2007, registering a double-digit growth of 10% over 2006, according to IDC.
IDC forecast that the market will grow from US$43 billion in 2005, to US$66 billion in 2010. This represents a compound annual growth rate (CAGR) of 9.1% over the forecast period. IT spending of Small-, Medium-, and Medium-Large-Sized Businesses in India continues to lead the growth at 16.9% in 2007, followed by that of Greater China, at 11.9%. In 2007, IT spending of Small-, Medium-, and Medium-Large-Sized Businesses in Greater China is projected to make up more than 38% of the total IT spending in APEJ.