Singapore: The Asia-Pacific region looks set for a technology boom with the two powerhouses, China and India, leading the pack in terms of IT spending, a research report said today (Dec 14, 2006). 

China is expected to account for 32 percent of the region's technology market next year while India makes up 23 percent, according to International Data Corp (IDC).

Emerging economies such as Vietnam and Indonesia are also geared for a bull run in their IT markets with projected growth rates of around 12 percent.

Excluding Japan, the Asia-Pacific market is forecast to increase by 10 percent in 2007 to reach $132 billion.

Singapore's IT market is forecast to witness moderate growth of 4.8 percent to hit $4.7 billion next year, paling in comparison to the outlook for the region.

"The Singapore personal computer market is mature, with desktops on the decline in general in 2007 across both consumer and commercial segments," Raj Dalal, vice-president of corporate programmes at IDC Asia-Pacific, told The Business Times.

"Notebooks, on the other hand, are expected to see increases in both consumer and commercial markets," he added.