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VIRTUALISATION Look to Asia Pacific, urges Austrade
VIRTUALISATION Look to Asia Pacific, urges Austrade | Look to Asia Pacific, urges Austrade |
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| by Peter Dinham | |
| Monday, 15 June 2009 | |
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Twine says IT businesses, particularly start-ups, should turn their focus closer to home, and were well placed to navigate the downturn, or recover faster due to the region’s robust economic growth over the past decade. “The good news is emerging economies in the Asia Pacific are continuing to invest in technology. Although IT spending in the region (Asia Pacific excluding Japan) is down from last year, it is still expected to grow by 5.8 per cent to nearly US$196 billion this year.” According to Twine, a recent IDC survey of 1,645 Asia Pacific companies indicated that over the next 18 months, more than 30 per cent of companies in the region intended to increase spending on software with only six per cent planning reductions. “To remain competitive, more local businesses are investing in ICT projects that are critical to achieving productivity gains and long term growth. Economic stimulus plans announced by Governments in the region are generating new prospects.” Twine also said that a number of Asian companies were also looking to invest or partner with Australian firms to develop new technology, deliver global sales and access third markets, and, he said, Austrade would help Australian ICT firms harness these opportunities by representation in the region’s largest industry event–CommunicAsia 2009–to be held in Singapore next week (12-16 June). CONTINUED page 2 |
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