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Information Technology News APAC IM software market grows, despite economic woes
Information Technology News APAC IM software market grows, despite economic woes | APAC IM software market grows, despite economic woes |
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| by Peter Dinham | |
| Sunday, 05 July 2009 | |
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Daphne Chung, senior research manager at IDC Asia Pacific, says IDC’s latest semi-annual software tracker survey for 2008 showed that the global economic crisis had blunted the double-digit growth rates the IM software market experienced in the lead up to 2008, but despite the economic pressures, the market had continued to grow. According to Chung, the economic crisis has created a much more cautious IT spending environment where “businesses have become more cautious about each dollar spent on IM projects,” and she adds, “budgets are being scrutinised to ensure the best value is being obtained from vendors and money is being spent only on the most necessary and critical projects.” Chung says that, as organisations cut costs and expansion plans are put on hold, "the sales cycles for projects are also extending as companies seek to review the return on investments more carefully.” IDC’s report reveals that, while all sectors have experienced a significant slowdown in growth, the FSI sector was, as it expected, one of the worst hit as the growth rate dropped from 18% to 11% compared to the previous year. CONTINUED page 2 |
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