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April 22, 2004

Asia spending to loosen

CIOs in Asia Pacific are preparing to open their wallets this year and IT spending should surge as a result, research firm IDC has predicted. The firm expects IT spending in the region, excluding Japan, to grow 10% this year, hitting $88bn.

By CBR Staff Writer

This compares with 3.4% growth in 2003. While the firm does not expect spending growth rates to bounce back to the same levels seen in the 1990s, they should stay in the 10% to 11% range between 2004 and 2008. Product replacement will account for 40% of expenditure this year, with upgrades and expansions of existing systems accounting for another 35%.

This article is based on material originally published by ComputerWire

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