 "Accept Global Risk Environment; Focus On Biz To Create ICT Growth: IDC")
International Data Corporation (IDC) has announced that it expects Asia/Pacifc IT spending in 2013 to perform as well as it has in 2012, despite the ongoing world-wide economic risk environment.
“IDC expects eICT spending to increase by 26 percent to 3,018 billion in 2013: $775 billion from ICT and the rest from the rise of ‘digital’ commerce, consumer electronics and entertainment applications and services,” said Sandra Ng, Group VP, Practice, IDC Asia/Pacific.
As the commercial environment becomes more complex, she envisions that new business opportunities and challenges will drive organisations to enter into market adjacencies and new partnerships, beyond their traditional core and comfort zone, to improve market relevance and competitiveness in an Asian-dominated era.
“CIOs will continue to grumble about weak budgets, but will find that mission critical investments are protected for the most part,” added Claus Mortensen, Principal for Emerging Technology Research, IDC Asia/Pacific.
“The ongoing risk environment has now become ‘the new normal’ and there is no longer any excuse for not pursuing growth. Although most companies are now fiscally conservative, spending freezes are few and far between,” said Mortensen.
He notes that very few companies consider the economic outlook for the US and Europe a top concern for their business.
In contrast, they are much more worried about:
how to grow and expand their business
how to keep cost under control while doing so
how to keep on innovating and finding the talent they need to do all this
The Asia/Pacific (excluding Japan) region continues its pattern of steady growth albeit at a slower pace than the double-digit growth seen before the 2008 crisis and in the rebound year of 2011.
“IDC expects overall ICT growth in 2013 to be similar to 2012 at 7.6 percent. We also expect the revenue split between hardware, software, services and telecom services to remain quite stable through 2016.”