China’s IT market is projected by BMI to reach a value of more than $100 billion by 2012. Total spending on IT products and services should grow at around 12% over the forecast period as the country witnesses rapid expansion on the IT front.
Despite some concerns such as falling prices, the fundamentals supporting growth will include an expansion into Western China, rural areas and lower-tier cities, growing demand for IT services and outsourcing in key verticals, and more sophisticated demand from enterprises.
As a result of rising computer sales and internet usage in recent years, IT is being applied by enterprises to upgrade traditional technologies and enhance efficiency and value.
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Source: PR Inside