World IT, telecom spending tipped to jump

4th March 2005, Comments 0 comments

4 March 2005, HANOVER - World spending on information and communications technology is likely to grow 4.3 percent this year with growth next year accelerating to 4.8 per cent, a German expert study predicted. The survey by the European Information Technology Observatory (EITO) in advance of next week's CeBIT trade fair forecast lower rates of growth this year in western Europe. Sales there of EUR 616 billion would be only 3.8 percent ahead, and the rate would slip next year to 3.7 percent. The main bright

4 March 2005

HANOVER - World spending on information and communications technology is likely to grow 4.3 percent this year with growth next year accelerating to 4.8 per cent, a German expert study predicted.

The survey by the European Information Technology Observatory (EITO) in advance of next week's CeBIT trade fair forecast lower rates of growth this year in western Europe.

Sales there of EUR 616 billion would be only 3.8 percent ahead, and the rate would slip next year to 3.7 percent. The main bright spot in Europe is made up of the newest gadgets, with digital cameras bounding ahead 16 percent to EUR 8.2 billion.

The latest must-have for young people, the MP3 player, would achieve nearly 50 percent growth from a low base to EUR 1.3 billion this year in Europe, EITO said in the study released in Hanover.

DPA

Subject: German news

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