China overtakes Japan on IT spending

Feb 27, 2013

China has overtaken Japan in terms of its share of global IT spending, German IT industry organisation BITKOM said Wednesday, ahead of the CeBIT, the world's biggest high-tech trade fair.

Global IT spending is poised to rise by 5.1 percent to 2.7 trillion euros ($3.5 trillion), said BITKOM in a new survey, with India (+13.9 percent), Brazil (+9.6 percent) and China (+8.9 percent) the biggest growth markets.

"There is a shift in the 2013 country ranking: China has overtaken Japan and is for the first time the second biggest national market," said BITKOM president Dieter Kempf.

China holds 9.5 percent of the global IT market, now ahead of Japan with 8.3 percent. Both Asian giants are still comfortably behind the United States, which enjoys a 26.8-percent share of the world's .

When the 27 countries of the European Union are lumped together, they represent 21.8 percent of the but will grow at a mere 0.9 percent in 2013, according to the BITKOM survey.

"Given the current economic situation, an EU-wide growth of around one percent is a pleasing outlook for the coming year and the CeBIT," judged Kempf.

The , in the northern German city of Hanover, is the world's top trade fair for the IT sector, showcasing the and inventions. It runs from March 5 to 9.

Explore further: Judge approves $450 mn deal in Apple ebook suit

add to favorites email to friend print save as pdf

Related Stories

German high-tech sector flat in 2010: trade body

Mar 01, 2010

Germany's high-tech industry is not expected to return to growth until 2011 after a devastating recession in 2009, its chief lobby group said Monday ahead of the giant CeBIT trade fair.

German high-tech sector holds up: trade group

Mar 02, 2009

Germany's high-tech industry expects to buck the economic crisis this year with sales stagnating but not sinking, its chief lobby group said on Monday on the eve of the giant CeBIT trade fair.

German tech sector bullish before giant IT fair

Feb 28, 2011

Germany's high-tech sector is expected to register solid growth this year and next, creating thousands of jobs, its chief lobby group said Monday ahead of the giant CeBIT trade fair.

World's top high-tech fair goes 3D

Mar 02, 2010

The world's biggest high-tech fair opened Tuesday with IT giants aiming to bounce back strongly from a terrible 2009 by wooing consumers with trendy gadgets.

Recommended for you

Dish restores Turner channels to lineup

Nov 21, 2014

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

'Call of Duty' blasts past $10 bn in sales

Nov 20, 2014

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

Nov 20, 2014

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.