According to new report published by Access Markets International Partners (AMI-Partners), IT expenditures by SMBs (Small and Mid size Businesses) in the Asia-Pacific (APAC) region will reach US$153 billion in 2009. the report noted that leading IT& T (Information Technology and Telecom) spend in the region are China, Korea and India.
SMBs in China are expected to constitute close to 30 percent of the total Asia-Pacific spend this year, while Korean enterprises are likely to contribute about 20 percent. Indian SMBs are the fastest growing pool, with a forecast 8.5 percent growth in IT&T spending over last year–nearly double that of the average 4.5 percent growth for the region. Singapore-based Nguyen attributed the region's uptrend in IT spend to telecom services and computing becoming as integral to SMBs as water and power is to households. According to AMI-Partners, the region's SMBs will dedicate about 60 percent of their IT&T expenditure on telecom services and computing requirements, which includes printers and printing supplies, as well as PCs and servers. Singapore-based Nguyen attributed the region's uptrend in IT spend to telecom services and computing becoming as integral to SMBs as water and power is to households. Similarly, smaller companies will spend on telecom services to increase business opportunities, collaboration and time efficiency, and at the same time reduce expenses.