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Double-digit IT growth in 2007

Posted on Tuesday, November 07 2006 @ 08:32:19 CET by

IDC predicts IT spending will feature a double-digit growth next year.
IDC forecast that the market will grow from US$43 billion in 2005, to US$66 billion in 2010. This represents a compound annual growth rate (CAGR) of 9.1% over the forecast period. IT spending of Small-, Medium-, and Medium-Large-Sized Businesses in India continues to lead the growth at 16.9% in 2007, followed by that of Greater China, at 11.9%. In 2007, IT spending of Small-, Medium-, and Medium-Large-Sized Businesses in Greater China is projected to make up more than 38% of the total IT spending in APEJ.
More details at HKEPC.



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