SE Asia IT Market to Grow in 2014: Report

The global IT market has had a tough year in 2013, in part due to lower than expected demand, but a recent report suggests that spending on IT-related products could surge next year.
In a report entitled ‘IDC Asia/Pacific ICT 2014 Top Ten Predictions’, by International Data Corporation (IDC), emerging markets will play a key role in driving spending in the region 8.7 percent higher next year.
“India, Indonesia, Vietnam, Thailand and China are the five top growth markets for IT spending. In terms of the requirement they have in emerging markets, a very high proportion of spending will be on mobile devices,” said Sandra NG, IDC Asia Pacific Vice President told CNBV.
"We think that when it comes to wearable [technology], Asia will pick up faster than other parts of the world because I think Asians in general are more open to the whole wearable concept. The second would be online commerce because in emerging markets you don't necessarily have accessibility to retail stores and even if you do, they might not have stocks for the latest products," she said.
IDC predicts that by 2015 the increasingly frequent application of technology to meet business demands will heighten the risk of project failure to 'unacceptable levels'.
"We believe that more and more organizations will be deploying multi-dimensional technologies what we call 'mashups', which is really a combination of cloud, analytics, mobile, social all a combination. This is a lot more complex than just deploying mobility, or just deploying cloud as a stand-alone technology area. Secondly it's the pace of change which is definitely accelerating, and Asia/Pacific is definitely the most competitive market in the world. These two factors come into play and the risk factor of problems and security breaches increases," Sandra said.