Double-digit IT growth in 2007

Posted on Tuesday, Nov 07 2006 @ 08:32 CET by Thomas De Maesschalck
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.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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