“The Digital Industrial Economy will be built on the foundations of the Nexus of Forces (which includes a confluence and integration of cloud, social collaboration, mobile and information) and the Internet of Everything by combining the physical world and the virtual,” said Peter Sondergaard, senior vice president at Gartner and global head of Research.
“Digitization exposes every part of your business and its operations to these forces. It is how you reach customers and constituents; how you run your physical plant; and how you generate revenue or deliver services. Enterprises doing this today are setting themselves apart and will collectively lead the new Digital Industrial Economy,” Sondergaard said.
Spending on IT products and services in Asia Pacific region is set to reach USD933 billion in 2017; in China spending is set to grow 6.7 percent in 2013 and 8.7% in 2014. In Australia, IT spending is forecast to reach almost A$77.2 billion in 2014, up 2.3% from A$75.5 billion in 2013. Spending on mobile devices is forecast to fall from more than $4 billion this year to $3.7 billion in 2014.
Software still represents the fastest growing category of IT spending in Australia, forecast to grow 7.8 percent from almost A$7.1 billion in 2013 to more than A$7.6 billion in 2014.