Asian and Eastern European market crucial for technology sector recovery

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After a few years of slow growth, investment in technology is expected to increase considerably over the next three years, driven by spending on hardware, software, network equipment and services that China, Poland and other developing countries are preparing to carry out.

The conclusions are from a study commissioned to the Global Insight consultant by the World Information Technology and Services Alliance, which sees the Asian and Eastern European markets as engines of the global recovery process in the technology sector.

According to the recently published analysis, world spending on technologies in 2007 is expected to be $ 3.2 billion, compared to $ 2.1 billion in 2001.

Investment in Asia and the Pacific Rim countries will grow by according to Global Insight expectations, 9.3 percent per year, while spending in the EMEA region will show an 8.9 percent growth rate per year.

The North American technology market, on the other hand, will see an annual increase of 6.7 percent.

In view of rising values ​​in the rest of the world, the western hemisphere is expected to account for 44 percent of the market, compared to 46 percent in 2003, the study indicates.

It is also concluded that the influence of developing countries will increase as they enter the «technological game». «Although the domain [na área da tecnologia] developed countries will not change from one moment to the next, the developing world cannot be ignored or considered irrelevant «, he points out.

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