Asia Pacific Recovering with 7.7% CAGR
Published: 10 July 2006
by Staff
The top three segments in terms of IT expenditure are high-tech, automotive and chemical. From a geographic perspective, the Greater China sub-region had the largest manufacturing IT spending, followed by ANZ and Korea.
"2005 has been a year plagued with external environmental uncertainties globally and notably in the Asian region, with high-profile events such as the repeated terrorists bombing in Bali; the Asian tsunamis and numerous other natural disasters across the region; the bird flu; rising oil price and ongoing geo-political tensions. Despite the above factors, the Asian region as a whole has continued its recovery and stabilization from the economic crises, which began in the late 1990s," says Tan Mang Teck, research director, Asia/Pacific manufacturing research. "The APEJ region will continue to be a fast growing regional economic block, powered by the emerging economic engines of China and India."
