S'pore IT spending seen rising 4.4%

THE total IT spending in Singapore this year is expected to exceed S$26.2 billion, up by almost 4.4 per cent over 2013, according to preliminary estimates released by research agency Gartner. This will be slightly more than the 4.2 per cent growth to US$758 billion that the Asia Pacific region as a whole is expected to achieve. Last year the Asia Pacific region saw a gain of 4.7 per cent.

Gartner's principal research analyst, Derry Finkeldey told BizIT that spending on data centres in Asia Pacific would grow by 6.7 per cent to US$28 billion this year, driven primarily by the Chinese market.

"Growth in the Singapore data centre market will be respectable but sedate, at just over 3 per cent, driven by networking equipment and storage," Ms Finkeldey said.