Electronic commerce, mobile telephony and telecommunication services will be three of the main drivers of the recovery of Asia-Pacific (excluding Japan) IT markets this year, according to market analyst International Data Corp. (IDC).
In a report detailing its main predictions for the Asia-Pacific market, IDC said the second half of 2002 will see a strong rebound, with overall IT spending in 2002 being 13.5 per cent greater than in 2001 at US$76 billion.
Telecommunication spending in Asia-Pacific is expected to be twice as high as IT spending. This year it will grow by 20.6 per cent to reach $161 billion, IDC said. Over the next four years it will continue to grow at a CAGR (compound annual growth rate) of 19 per cent to be worth $269 billion in 2005.
Other IDC predictions include: