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Asia’s Public Sector Continues to Show Strong IT Growth


Regional and state government spending is growing faster than federal spending, creating new IT opportunities and challenges, says Springboard Research. Based on its market analysis, Springboard expects IT spending to be US.5 billion in 2007, with the market growing at a compound annual rate of 6.9% from 2006 through 2010. Springboard’s analysis also showed that Japan, while growing much slower than the rest of Asia, is still by far the largest market in the region, accounting for 45% of public sector IT spending. China and Australia are the next largest markets, accounting for 20%, and 11%, respectively, of public sector technology spending. India is the fastest growing market in the region, and the market is forecast to grow at a compound annual growth rate of 19.5% through 2010.


Key sub-verticals within the public sector include education (public and private), which will account for 22% of spending in 2007. Other key sub-verticals are healthcare (public and private) and defense/security, with healthcare being the fastest growth sub-vertical across the region.


Other notable sub-vertical growth stories from larger, more mature markets include social services in Japan (growing at 7% a year compared to Japan’s public sector growth of 2.3%); healthcare in Japan (5.5% growth), and healthcare in Australia (9.8% growth vs. 5.2% overall growth).


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