A recently released report on Asian manufacturing IT predicts spending will hit $22 billion in five years.The report, Asia/Pacific (Excluding Japan) Manufacturing IT Spending 2006-2010 Forecast, says the APEJ manufacturing industry has been recovering and gaining momentum following its initial turnaround observed in 2004. The report was published by Manufacturing Insights. APEJ manufacturing IT spending was valued at $15 billion in 2005 and is expected to reach $22 billion in 2010. The top three sub-industry segments within APEJ in terms of IT expenditure are high-tech, automotive, and chemical. "The Asia region as a whole has continued its recovery and stabilization from the economic crises that began in the late 1990s," says Tan Mang Teck, research director, Asia/Pacific Manufacturing Research, Manufacturing Insights. "The APEJ region will continue to be a fast-growing regional economic block, powered by the emerging economic engines of China and India." Manufacturers have much information available to them, but few put that information to work to improve the efficiency and timeliness of decision making, the repoprt says. Leading organizations are building control loops over their processes to connect strategic (risk mitigation), tactical (speed and agility), and operational (consistency and control) decisions. The report findings suggest IT vendors focus on value realization instead of new application investment. This will allow vendors to provide leadership in areas that are of the greatest concern to their manufacturing clients.
Asian IT Manufacturing Spending, Ex-Japan, Will Reach $22 Billion By 2010, New Report Says
Jul 5, 2006