New Delhi, Oct 8: Gartner Dataquest, the world-wide IT consultancy, says it expects expenditure in the information technology sector for the Asia-Pacific region to grow at 6 per cent this year.
The study says IT spending in the above region will surpass $ 258 billion, growing faster than the world market.
Worldwide, IT spending is projected to be approximately $ 2.3 trillion in the current year, a 3.4 per cent increase over the year 2001. In the year 2003, IT spending is expected to increase 9.9 per cent.
Speaking about the projections, Daniel McHugh, industry analyst for Gartner Asia-Pacific said, “The investment is more closely tied to shorter term return on investment, productivity gain and cost reduction, rather than discretionary spending on new business models.”