IT spending growth in emerging markets is nearly double that of Western
economies and is becoming a major factor in GDP growth, according to
Gartner.
The analyst firm said that spending in emerging markets will grow 8.5 per
cent year on year until 2011 compared with 4.3 per cent in the developed world.
The spending will stimulate economies by promoting greater efficiency.
"Current GDP growth is impacting IT spending because it offers larger
financial resources," said Luis Anavitarte, research vice president at Gartner.
"This is promoting, in many cases, more-balanced development within nations
with significant consumer middle-class growth, stronger business base expansion
and larger demand for IT products and services beyond Tier 1 cities.
"This growing ecosystem of economics and IT also provides credibility for
countries to international lenders, boosting financial resources and investments
that are so critical for IT expansion."
Brazil, Russia, India and China will lead this growth, according to Gartner,
and spending in those four states will make up a third of all developing world
IT spend.
China and the Pacific Rim economies will show fast growth worldwide, but
Africa is forecast to show the steepest growth with a compound annual growth
rate of 77 per cent. Latin America will also show strong growth.
Comments
Have your say on this article