![]() ![]() However, new initiatives may be stalled," he added.Įducation is expected to grow slower in 2023 as IT investments may be stalled due to excess and sudden spending in 2021, followed through in 2022. "Enterprises may continue to focus on operational efficiency. "As economic uncertainties slowly set into the region, government initiatives in each country continue to fight back by complementing macroeconomic stabilization measures," says Mario Allen Clement, Associate Research Manager, IT Spending Guides, IDC Asia/Pacific. These include banking, insurance, telecommunication, securities, investment, and professional services. Industries with lesser dependence on consumer discretionary spending or which provide essential services are showing stable technology investment. Consumer-driven sectors such as personal and consumer services, wholesale, construction, and retail have slowed down due to rising inflation or lockdowns to control infection spread, depending upon the geography in question. The above chart shows the difference in 2022 technology spending growth between the January and July releases of Worldwide ICT Spending Guide Enterprise and SMB by Industry. Overall, few industries are expected to have a slight slowdown in 2022 ICT spending, mainly owing to the global challenges, and expected to grow wearier throughout 2022 until government measures fall into place to keep the economy stable. The industries in these countries are hence impacted in different ways. IDC assumes that the Chinese economy will stabilize and return to growth in 2023. With China as their largest trading partner, many Asia/Pacific* countries were hit due to lockdowns in China. Their inflation results from the increasing demand due to the opening of the economy and supply chain constraints. Whereas Indonesia and Australia, which export commodities such as coal, oil, and gas, have benefited from the current situation. ![]() Countries such as Singapore, South Korea, India, Thailand, and Taiwan, are net importers of energy and commodities and are facing the brunt of increased imported inflation due to the weakening of the local currency. However, leaders will place greater scrutiny on technology investments as they represent a much larger share of spend and also to allow them sustainable business growth," he adds.Īsia/Pacific* is home to a mixed bag of countries. "Technology budgets are stable as of now. While some longer-term cloud-based business transformation projects may be put on hold, Gartner sees businesses heading for the cloud in a big way over the next two years, with 2022 cloud spending reaching levels analysts hadn’t previously expected would be attained until 2023 or 2024."ICT Spending in the region has moved from exuberant growth last year to that of strategic growth," says Vinay Gupta, Research Director, IT Spending Guides, IDC Asia/Pacific. Shifting IT prioritiesįor IT organizations facing budget cuts, Gartner advises minimizing investments and prioritizing on operations that keep businesses running, at least through the rest of this year. IDC sees follow-on growth for infrastructure hardware as well, as it expects service providers to up their own spending to build out physical infrastructure to meet demand.Ĭloud-based telephony and messaging and cloud-based conferencing in particular will see big gains in 2020, with Gartner projecting 8.9 percent and 24.3 percent boosts in sales, respectively. Gartner spreads sales of public cloud services, which it expects to grow 19 percent this year, across several categories.īoth firms see growth for the cloud, with businesses expected to further adopt cloud services to offset reduced capital spending. The difference may be partly a question of definition: IDC’s infrastructure category includes servers, storage and networking hardware, as well as infrastructure as a service. Gartner, however, sees spending on data center systems plunging 9.7 percent this year, after a near-flat 0.7 percent growth in 2019. ![]() IDC sees this category as the lone bright spot, forecasting 3.8 percent growth in 2020, down from 8.8 percent last year. The prospects for infrastructure sales, however, are less clear. ![]()
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