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: Alibaba's plan: Today, China. Tomorrow, the world.

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

Alibaba's plan: Today, China. Tomorrow, the world.

1 hour ago

Amazon and eBay should watch their backs. As Chinese e-commerce powerhouse Alibaba readies what could be the biggest initial public offering ever on the New York Stock Exchange, it is quietly hinting at plans ...

News Corp opposes Google in EU antitrust case

4 hours ago

The media conglomerate controlled by Rupert Murdoch is joining the fray in Google's protracted European antitrust case, saying the technology company unfairly distorts competition.

Apple iPhone lacks 'key' licence in China

6 hours ago

Apple's iPhone 6 still lacks a key network access licence in China, state media confirmed Thursday on the eve of its global launch, breaking official silence on why sales of the smartphone will be delayed.

Ericsson to stop making modems, shed hundreds of jobs

7 hours ago

Swedish telecom equipment company Ericsson said on Thursday that it would stop developing modems, a decision affecting almost 1,600 employees worldwide which is expected to lead to hundreds of job cuts.

User comments : 0