Asia IT spending to jump in '11

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.

TOPICS: CXO, IT Priorities

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

Jamie Yap

About Jamie Yap

Jamie writes about technology, business and the most obvious intersection of the two that is software. Other variegated topics include--in one form or other--cloud, Web 2.0, apps, data, analytics, mobile, services, and the three Es: enterprises, executives and entrepreneurs. In a previous life, she was a writer covering a different but equally serious business called show business.

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