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Worldwide enterprise IT spending to reach $1,768B in 2006

Posted: 09 Dec 2005 ?? ?Print Version ?Bookmark and Share

Keywords:Gartner? Asia Pacific? IT?

Gartner Inc. predicts that total worldwide enterprise IT spending, including hardware, software, telecommunications and IT services, will reach $1,768 billion in 2006, and is growing at a compound annual growth rate (CAGR) of 4.5 percent from 2004 through 2009. Gartner also forecasts that enterprise IT spending in Asia Pacific will reach almost $210 billion in 2006, with a CAGR of 7.5 percent over the same period.

According to Gartner, Asian companies are leading the development in most areas of consumer technology, mobile and broadband content and associated business models. The region will, however, lag in the development of enterprise applications.

"As research and development across the region gears up we see intellectual property protection following suit. The percentage of GDP spent on R&D is rising rapidly, particularly in China, toward OECD levels and technology/IP value chains are emerging. This will provide the incentive for Asian companies with multinational intent to put additional pressure on governments to enforce IP protection and support IP creation at home," said Dion Wiggins, VP and research director at Gartner.

Running counter to the traditional software business model based on IP, Gartner also sees open source software (OSS) competing directly with commercial software in many segments of the enterprise market and taking on an expanded role in the small-to-medium business sector. With OSS adoption rising rapidly, particularly in China and India, Gartner believes that it will account for 20 percent of the global software market by 2010.

Need for Enterprise Information Management
Gartner also identified a rising requirement for Enterprise Information Management (EIM), driven both by the need for process simplification and operational efficiency, and by enterprise agility and competitive differentiation. It predicts that by 2015, enterprises will have to deal with 30 times more data than in 2005 and therefore strong competence in data management, metadata and analytics will be a very significant differentiator.




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