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Gartner Says Asia-Pacific IT Spending to Reach $312bn in 2011

by: Karen Cayamanda

Monday, November 22, 2010 | Outsourcing News |

Increase in IT spending

Research firm Gartner projected that IT spending by companies in the Asia-Pacific region will reach $312.3 billion next year, a 7.6 percent increase compared to 2010 figures.

Software is the fastest growing segment in the region with 11.3 percent. Hardware got 10.1 percent, IT services with 9.3 percent, and telecommunications segment with 7.6 percent. "Growth in 2010 has been strong, due in part to pent-up demand following budget freezes in 2009 and the need to replace ageing hardware," Gartner Senior Vice-President and Global Head (Research) Peter Sondergaard said.

Sondergaard also said after slowing down in 2009 as a result of the global financial crisis, manufacturing and supply chain industries in countries such as China and India showed an increase in activity in 2010. Moreover, it is projected that the healthcare sector, utilities, and education will show the strongest IT spending growth rate in the region.


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