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.
