Global market intelligence firm IDC has downgraded its forecast for IT spending in the Asia-Pacific region, excluding Japan and China (APEJC), from 5.2% growth, which it forecast in January, to 1.2% due to the impact of the coronavirus outbreak in the region.
US phone company Vonage is opening a second Australian office as part of its continuing expansion throughout the Asia-Pacific (APAC) region.
Online retail sales in the Asia Pacific region are set to almost double in the five years from 2019, growing from US$1.3 trillion in 2018 to US$2.5 trillion in 2023, the American market research company Forrester says, adding that would represent a compound annual growth rate of 14% and account for 28% of global sales.
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