To: kemble s. matter who wrote (114946 ) 4/8/1999 2:02:00 PM From: Mohan Marette Read Replies (1) | Respond to
IT Spending In Asia-Pacific To Hit $98B -[21.4% in 99 Vs measly 3% in 98]Overall IT expenditure, including hardware, software, services, and telecommunications equipment, will increase by about 21.4 percent in 1999 vs. 3 percent growth in 1998, Rolf Jester, Gartner Group Asia-Pacific's principal analyst, said at a news conference Thursday. "The service sector will make up about 24.3 percent of this in 1999, compared with 11.2 percent in 1998," he said. In revenue terms, Gartner said the IT industry would reach about $98.3 billion in 1999, a 21 percent increase on $81 billion in 1998. In the meantime, hardware sales would continue to dominate in China, though revenue generated would be reduced as unit costs fell, he said. "In some Asian countries, notably China, hardware will continue to be the largest growth sector, as the IT industry is still less sophisticated than the U.S. and Europe," Jester said. "In 1999, we are likely to see a 22 percent growth in hardware revenue, but within four years, this will have levelled out to some 6 percent in compound annual-growth terms. Once China catches up in hardware infrastructure terms, it will be a massive growth area," he said. (Courtesy:TechWeb)
