IT spending slowdown? Where,where?? (To all the complainants:Hey Where is the beef?)
Diane:
OK here is something worth your money. You know there has been talk about big IT spending slowdown next year from various gurus and pundits,well I ain't buying it.You see any slowdown Diane????
(Now to all those who have been complaining how the thread has fallen from the pedestal etc etc:
Well how about you guys coming up with something worthwhile instead of pontificating,sheeesh!!!
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(Source:IDG)
22 October, 1998
IDC bullish on Asia systems integration arena
By Terho Uimonen Services
TAIPEI
Asia's systems integration markets continue to grow at a steady pace, despite the region's ongoing economic turmoil, according to new research from industry analyst IDC's Asia-Pacific unit.
The potential for near-term growth is the greatest in the systems integration markets of China, India and Taiwan, which are expected to sustain a compound annual growth rate (CAGR) of between 26 per cent and 49 per cent from 1997 to 2002, IDC said yesterday.
In the high-growth markets of China and India, government initiatives and the Internet serve as the main drivers behind the local systems integration markets, IDC said.
Systems integration, as defined by IDC, consists of the sum total of activities behind the integration of complex systems of different platforms, technologies and enterprise packaged software. In addition, IDC also includes activities such as consulting, application development and customisation of packaged software applications.
In 1997, the total systems integration market in the seven Asian countries covered by the study was valued at $US424 million, and IDC expects the market to post a CAGR of 24 per cent between 1997 and 2002. The study includes the markets in China, Hong Kong, India, Malaysia, Singapore, South Korea and Taiwan.
The bullish outlook is based on one key assumption -- that the exchange rates between the local currencies and the US dollar remain constant during that period.
(Mohan: Well except for Malaysia and South Korea the currencies in other countries have been fairly stable)
Leading systems integration service providers in the region include both local and global players, IDC said.
In countries such as China, India and South Korea, the market is dominated by local providers, while local and global players co-exist in Hong Kong, Malaysia and Singapore, the analyst said.
The systems integration markets in South Korea and Malaysia, which have been affected by the currency crisis wreaking havoc in the region, are expected to rebound in 1999 as the economic situation stabilises, according to IDC. |
