Global ICT Spending
Regional Markets Overview
Asia Pacific is now the largest market for traditional hardware, following the explosion of mobile device proliferation in recent years. Led by China, Japan and India, this region now accounts for more than 40% of traditional hardware spending (PCs, tablets, phones, peripherals, server/storage and network infrastructure).
However, Asia still represents a small portion of software and services revenues, as businesses in the region continue to spend a small proportion of average IT budgets on the applications, tools and professional services which can leverage traditional ICT into broader economic benefits. US firms still lead the way in adoption of cutting-edge software, with Europe not far behind.
Software piracy is an inhibitor in Asia and some other regions, as is a relative lack of solutions developed for local SMBs. The growth of cloud could be a way to bridge this gap in the coming years. Already, businesses in emerging regions such as Africa and Latin America have found ways of leapfrogging legacy infrastructure in order to deploy innovative applications via mobile networks using low-bandwidth devices and cloud-based software.