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Showing posts with label Manufaturing. Show all posts
Showing posts with label Manufaturing. Show all posts

September 3, 2013

Is the Chinese Growth Story Over ? Garter predicts 7% decline in IT spends this year

Gartner 2013  latest research shows that the "Chinese growth Story" continues as  the technology  Cycle for ICT in China services  is expected to show higher Growth

According to Gartner, IT spending by Chinese end users (consumers and enterprises) grew by nearly 14 percent in 2012, and forecasts that spending growth will slow to 7.3 percent this year. Gartner expects IT spending in China to grow from US$301 billion in 2012 to $323 billion in 2013, offering substantial opportunities to technology and service providers.

The key drivers for ICT ( information, Communication and Technology) over the next Decade includes 1)Mobile data services,
2) external controller-based storage systems
3) business IT services and enterprise application software will all contribute to healthy growth in information technology (IT) in China, according to the new “2013 Hype Cycle for ICT in China”