Asia IT spending to jump in '11

Summary:Asian organizations are expected to increase their IT expenditures by 7.6 percent to US$312 billion in 2011.

According to new report from Gartner released Tuesday, Peter Sondergaard, senior vice president at Gartner, said growth in the Asia-Pacific in 2010 had been strong due in part to pent-up demand following budget freezes in 2009 as well as the need to replace aging hardware.

The report also noted that the weaker U.S. dollar significantly boosted valued growth rates, causing Asia's rebound in 2010 to appear strong.

In comparison, Australia's enterprise IT spending would inch up only 2 percent in 2011, Gartner revealed. The country saw a 10.8 percent growth in 2010 to hit US$49.6 billion, after a 5.3 percent drop in 2009, said Sondergaard who was speaking at the Gartner Symposium/ITxpo in Sydney.

In addition, India and China would not hold back on their IT spending, he said.

For more on this story, read Asia's IT spend to top US$312B in 2011 on ZDNet Asia.

Topics: CXO, IT Priorities

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Jamie Yap covers the compelling and sometimes convoluted cross-section of IT and homo sapiens, which really refers to technology careers, startups, Internet, social media, mobile tech, and privacy stickles. She has interviewed suit-wearing C-level executives from major corporations as well as jeans-wearing entrepreneurs of startups. Prior... Full Bio

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