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Technology spending by Asian companies is expected to rise 7.6 per cent next year to $208.7 billion, largely by demand from India and China, according to Gartner. This is faster than its forecast 5.4 per cent growth, to $1.75 trillion, for technology spending by businesses worldwide next year.
In Asia Pacific, growth will be driven by software spending with a 12.4 per cent increase to $5.6 billion, followed by a rise of 8.4 per cent to $33.6 billion for information technology services, Gartner said. Telecom services are expected to grow 7.5 per cent to $132.5 billion.
In India, it's the offshoring phenomenon that is driving increased infrastructure spending, as companies need viable infrastructure to support their businesses. Demand for hardware is growing at the fastest rate in India, and Gartner has forecast regional business spending on hardware to rise 6.3 per cent in 2005 to $36.9 billion.
Indian PC market grew 35 per cent
Hardware Industry- Yearly Review 2003-04
Indian IT to be $55 billion industry
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