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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (48889)	7/9/2001 9:50:14 AM
From: Proud_Infidel	Respond to of 70976

Asia IT spending to hit US$106b in 2003 By Nawaz Marican, Special to ZDNet Asia 09 July 2001 SINGAPORE--The total IT spending in Asia Pacific (excluding Japan) is expected to expand from US$66.26 billion last year to US$106.35 billion in 2003. This forecast, based on IDC Asia Pacific Black Book, June 2001, categorizes spending by hardware, packaged software and services. Last year, the region spent an estimated US$44.7 billion on hardware, US$7.2 billion on software and US$14.3 billion on services, the study revealed. IDC predicts that hardware spending in 2003 will increase by approximately 50 percent to US$66.74 billion while software and IT services will grow by about 80 percent to 90 percent to US$13.9 billion and US$25.7 billion respectively. China, the biggest IT spender in the region, is expected to more than double its total IT expenses in three years. Last year, the Chinese market spent a total of US$16.1 billion and in 2003 the figure is expected to hit US$33.8 billion. The country's IT service spending is expected to experience fastest growth--approximately 315 percent in three year--US$936 million in 2000 to US$3.9 billion in 2003. China's software spending will increase by an estimated 190 percent, from about US$1.06 billion last year to US$3.08 billion in 2003. Its hardware spending will grow from US$14.13 billion to US$26.85 billion during the same period. Following a distant second is Australia where its total spending last year registered US$13.8 billion and it is expected to grow to US$17.1 billion in 2003. As a mature IT market, Australia is not expected to illustrate as much growth as China. Australia's hardware spending is predicted to grow from US$6.2 billion in 2000 to US$6.6 billion in 2003. Australia's software expenses will increase from US$2.4 billion to US$3.8 billion, while service spending will grow from US$5.3 billion to US$6.7 billion for the same period. By 2003, the Korean market is expected to take over Australia's second position when its total spending is predicted to hit US$18.3 billion. This is made up of US$12 billion in hardware, US$1.6 billion in software and US$4.7 billion in services. Last year, Korea clocked US$12.3 billion in total IT spending. In India, the total IT spending will more than double from US$4.4 billion in 2000 to US$8.9 billion in 2003. India's hardware spending will increase from US$2.7 billion to US$5.2 billion for the same period while its expenses on software and services will grow from US$386 million to US$863 million and US$1.3 billion to US$2.9 billion respectively. Among other countries, total IT spending in Taiwan will grow from US$4.5 billion to US$6.4 billion from 2000 to 2003. Singapore's will increase US$3.3 billion to US$4.8 billion while Hong Kong will expand US$3.1 billion to US$4 billion for the same period.