Emerging markets to generate $1.22 trillion in IT spending in 2012
Brazil, Russia, India, Mexico and China continue to perform particularly strongly, and this is where over half of emerging markets’ IT spending will be concentrated in 2012, says Gartner.
Emerging markets will generate $1.22 trillion in IT spending in 2012, representing more than 31 percent of the worldwide total, according to Gartner.
The emerging regions of Asia/Pacific (which exclude the mature markets of Japan, Australia, New Zealand, Singapore, South Korea, Hong Kong and Taiwan), Latin America, the Middle East and Africa (minus mature Israel), and Central and Eastern Europe, continue to show positive IT momentum, despite economic deceleration and a high degree of financial uncertainty in mature markets, Gartner said.
“While professional and consumer market opportunities can be found in many emerging markets, Brazil, Russia, India, Mexico and China (BRIMC) continue to perform particularly strongly, and this is where over half of emerging markets’ IT spending will be concentrated in 2012,” said Luis Anavitarte, Research Vice President and Head of Emerging Markets Research at Gartner. “Seventeen percent of global IT spending will be generated by BRIMC in 2012, representing nearly $658 billion, and the markets remain far from saturated.”
IT spending in emerging Asia/Pacific countries is expected to reach $496 billion in 2012. Emerging Asia/Pacific professional markets will reach 42 percent of the total IT spending in the region, while consumer IT spending will reach $288 billion in 2012.
“IT spending caution will be a constant in 2012, suggesting IT sales will be more challenging than in 2011,” Anavitarte said. “In 2012, we expect to see a more aggressive approach of selected professional and consumer markets, with particular attention to new consumer buyers. IT budget increases are expected in emerging markets for 2012 and end users’ top technology priorities include cloud computing and mobile technologies.”
Gartner advised providers to rebalance their portfolio of markets by assessing worldwide demand for 2012 and shifting resources accordingly from some mature markets to selected emerging economies.
“Being selective and strategic in regions, countries and selected cities will be the key in the coming year, and providers will need to carefully select where to execute their strategies after BRIMC countries, maximizing profitability while minimizing investments. They should also plan for a larger direct presence and execution in BRIMC, and for a slightly higher reliability in channel partners in the rest of the emerging markets,” Gartner said.
- Xerox Is Securing The Future Of Work
- Entrepreneurship Perceptions On Rise In India: GEM Report
- IT, Digital Firms Comprise LinkedIn's Best Cos For 2018
- Lack Of Trained Staff, Security Hinder FinTech Growth
- Embracing Opportunities And Challenges Of Digital Transformation
- Global Digital Signature Market To See Huge Leap: Study
- Coolpad Appoints Chief IP Officer; Focuses On India Market
- Why Enterprises Need To Automate Security Systems
- By 2025, Digital Transactions To Reach $1-Tn Annually: Report
- What Digital Transformation Means To Global Businesses