Worldwide vertical market IT spending is projected to total US$2.7 trillion in 2009, a 0.5 percent increase from 2008, with the three largest growth areas in the Asia Pacific region predicted to be communications, transportation, and utilities, according to Gartner.
 

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The current economic downturn is expected to dampen demand in the Asia Pacific contact centre outsourcing market, with less new business and tightening budgets from existing customers in 2009, but it’s by no means all gloomy according to a report by consultants, Frost & Sullivan.
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Macquarie Hosting, a division of Macquarie Telecom, has signed a hosting deal with Australian Internet TV company, Switch Media, to provide a high availability hosting solution required to support Switch Media's mission critical video-on-demand and video content management applications.

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