Asian IT to power forward in 2008, forecasts Springboard Research
ConvergenceAsia staff
18/12/2007

Springboard Research, an IT Market Research company, has released its “2008 Asia Pacific IT Predictions” Executive Brief outlining the trends IT vendors can expect to see across Asia in the coming year.

Based on executive interviews with CIOs and IT decision makers at leading organisations in the region, “2008 Asia Pacific IT Predictions” identifies IT executives’ key issues and plans for 2008.

“In contrast to the ongoing credit crisis in the US and the upward swing in energy prices there, leading Asian economies in countries like China and India, are likely to maintain their growth momentum in 2008. Other economies in the region, such as in Australia, Singapore and Korea, are also likely to maintain their current momentum,” said Dane Anderson, CEO & EVP of Research at Springboard Research.

“Springboard Research believes that Asian organisations will continue to significantly invest in technology products and services,” added Anderson.

This year’s predictions include:

#1: The subprime crisis in the US will not derail strong IT market growth in Asia

#2: Service-oriented architecture will get more attention and commitment from senior management

#3: Virtualisation will make steady headway in both large and mid-sized companies

#4: Cost savings will drive green IT investments

#5: Business organisations become more appreciative of consumer-driven technologies and applications

#6: Skill shortages will hit vendors, IT management and the investment plans of many organisations

#7: IT governance and risk management will be critical issues in IT organisations in 2008

#8: Unified communications will steadily gain traction

#9: Consolidation in the software industry will continue

#10: India emerges as a lucrative IT outsourcing market

“A substantial portion of Asian IT investments will be new investments and will come from organisations scaling up their IT systems or building entirely new ones to drive business,” said Ravi Shekhar Pandey, Senior Market Analyst for Springboard Research.

“While on a macro level, there are several factors driving IT investment, it is on the micro level where we are seeing the real action. In 2008, CIOs will be concerned with challenges like reducing the cost of IT operations, improving business application performance, finding and retaining skilled technical people, and identifying technologies that integrate closely with the enterprise’s business goals,” he added.

The full “2008 Asia Pacific IT Predictions” Executive Brief is available for free (with registration) at www.springboardresearch.com.

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