Digital business is having a profound effect on the way business is done and how it is supported with Malaysia showing triple the global growth rate in IT spend.
For the first time, Gartner publishes a ranking of the top 100 largest tech companies in the world based on estimates for their revenue (excluding communication services) across IT and component market segments.
Worldwide IT spending is forecast to be flat in 2016, totalling US$3.41 trillion, according to Gartner Inc, with Malaysia and Singapore among the exceptions.
IT spending in Malaysia is forecast to reach about US$16 billion, up 7.6% over 2015, well above the average 4.5% for Asia Pacific, according to Gartner Inc.
Malaysia’s IT spending is expected to increase to RM65.1 billion (US$17.9 billion) in 2015, a 7.5% rise from last year, according to the latest forecast by Gartner Inc.