Asia/Pacific (Excluding Japan) manufacturing IT spending will reach $22 billion in 2010, says Manufacturing Insights

According to a recent report “Asia/Pacific (Excluding Japan) Manufacturing IT Spending 2006- 2010 Forecast” of Manufacturing Insights, an IDC company, the APEJ manufacturing industry has been recovering and gaining momentum after the initial turnaround observed in 2004.

APEJ manufacturing IT spending was valued at $15.0 billion in 2005 and is expected to reach $22.0 billion in 2010 at a CAGR of 7.7 percent.

The top three sub-industry segment within APEJ in terms of IT expenditure is high-tech, automotive and chemical. From a geographic perspective, the Greater China sub-region had the largest manufacturing IT spending, followed by ANZ and Korea.

“2005 has been a year plagued with external environmental uncertainties globally and notably in the Asian region, with high-profile events such as the repeated terrorists bombing in Bali; the Asian tsunamis and numerous other natural disasters across the region; the bird flu; rising oil price and ongoing geo-political tensions. Despite the above factors, the Asian region as a whole has continued its recovery and stabilization from the economic crises, which began in the late 1990s,” says Tan Mang Teck, Research Director, Asia/ Pacific Manufacturing Research, Manufacturing Insights. “The APEJ region will continue to be a fast growing regional economic block, powered by the emerging economic engines of China and India.”

www.manufacturing-insights.com