Upbeat forecast for world IT industry

11th March 2004, Comments 0 comments

11 March 2004 , HANOVER - With the world's biggest combined computer and telecommunications trade fair to open next week in Germany, an industry figure promised Thursday a new dawn in which the information-age dreams of the 1990s would come true. World spending on information technology is growing as consumers become captivated by the latest multimedia phones, digital cameras and powerful notebook computers, said Willi Berchtold, president of BITKOM, representing the German information-technology industry.

11 March 2004

HANOVER - With the world's biggest combined computer and telecommunications trade fair to open next week in Germany, an industry figure promised Thursday a new dawn in which the information-age dreams of the 1990s would come true.

World spending on information technology is growing as consumers become captivated by the latest multimedia phones, digital cameras and powerful notebook computers, said Willi Berchtold, president of BITKOM, representing the German information-technology industry.

He forecast the world market for the sector would grow 4.3 percent this year and 6 percent next year.

Berchtold added at a news conference in Hanover that the growth rates for some of the consumer gadgets "will remind us of the rates during the 1990s" and could help propel smarter economic growth in downturned Germany.

"The sector's worldwide sales will rise to EUR 2.16 trillion," he said. "The bad years are behind us. Ahead of us lies a new era of growth where the visions of the 1990s will come true."

The trade fair, CeBIT, will however have fewer exhibitors than last year when it opens, organizers in Germany said.

A Hanover fair spokesman said 6,411 exhibitors were booked for the March 18-24 event, nearly 200 fewer than in 2003. The fair peaked in 2001, as the dot-com boom was still running, with 8,093 exhibitors.

Fair organizers said they expected more than 500,000 visitors at the fair this year.

Nearly half the CeBIT exhibitors will be non-German, with Taiwan making up the biggest contingent with 709 companies. The tally of exhibitors from China had risen from 111 a year ago to 189 this year.

 DPA
Subject: German news

 

 

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