Global ICT spending sidled sideways between 2000 and 2001 from $2.3 trillion to $2.4 trillion, according to research released today at the World Congress on Information Technology (WCIT 2002).
The report, Digital Planet 2002, which was released by the World Information Technology and Services Alliance (WITSA) shows the largest ICT spending nation on earth -- the US -- grew less than one per cent last year compared to 15 per cent in China.
Mature markets such as the US will continue to lose dominance and is being overtaken by record-spending nations such as Poland and Vietnam.
Australia came in tenth in the world, spending $75 billion and growing at a rate of 6.5 per cent since 1993.
WITSA president Harris Miller said that on a regional basis, Eastern Europe saw more ICT spending growth than North America, Latin America and the Middle East/Africa region combined.
He said Poland was the driver for much of the Eastern European, growth experiencing a six-fold increase in spendingBy ICT sector, the biggest winner was the software technology industry which grew by more than 100 per cent between 1995 and 2001.
B2B continues to dominate the e-commerce space and in 2001 increased 188 per cent from the previous year, compared to 110 per cent in business to consumer spending.
China's B2B spending today is 60 times what it was in 1999.
Behind the US, the next highest spending nation was Japan ($413.7 billion) and Germany ($154.6 billion).
The report is based on research conducted by the International Data Corporation (IDC).
Related links: www.witsa.org, www.idc.com.