New Delhi, October 30, 2008
The Economic Times
With companies in Asia Pacific expected to delay their technology spends, the region could see IT spending grow 8.3% in 2009, against an earlier projection of 11%, tech research firm Gartner said on Wednesday. The firm had earlier said that global IT spending could see only a 2.3% increase next year, in a worst case scenario, with hardware and IT services likely to be hit first. According to Gartner managing VP Matthew Boon, the second half of 2008 has seen and will continue to see shifts in confidence and willingness to invest. Chief information officers (CIOs) are paying closer attention to investments and now require higher levels of approval and justification for decisions.
Gartner says technology vendors need to be seen to support their customers’ cost containment strategies while at the same time focusing on value. “IT leaders in this region should take full advantage of the available time to quietly and privately develop plans for a worst case scenario in 2009,” Boon said. An 8.3% growth in IT spending in 2009 would take the Asia Pacific market size to $585.7 billion. It has recommended that IT organisations in the region should continue to invest in attractive markets, modernise infrastructure with virtualisation and cloud computing concepts and demonstrate the value of IT in improving business processes, increasing client acquisitions and retaining them. The tech research firm had earlier said that global IT spending could see a slower growth of 2.3% in 2009 against an earlier projection of 5.8%.
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