IT spends in manufacturing sector in Asia-Pacific is projected to touch $ 33 billion by 2012 at a compounded annual growth rate (CAGR) of 9.5 per cent, with China taking the largest share, followed by India. “By 2012, our estimates indicate that the total manufacturing IT spending in India will be about $ 7.4 billion, still maintaining the second spot behind China,” IDC said. “Increased globalisation and competitive market pressures will push Asia Pacific excluding Japan (APEJ) manufacturers to become more agile and resilient to market changes, and invest in IT to foster innovation, collaboration, and sustainability,” said Debashis Tarafdar, Senior Research Manager, Asia/Pacific Manufacturing Insights in IDC. According to IDC, APEJ manufacturing IT spend would maintain a steady growth through 2012, with high-tech, automotive, and consumer packaged goods manufacturers leading the pack. Hardware spending would continue to take up the lion’s share of the overall APEJ manufacturing IT budget, though IT services is expected to register the strongest growth over the next five years.
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