Emerging Markets Will Generate $1.22 Trillion in IT Spending in 2012

Emerging markets will generate $1.22 trillion in IT spending in 2012, representing more than 31 percent of the worldwide total, according to Gartner, Inc. The emerging regions of Asia/Pacific (which exclude the mature markets of Japan, Australia, New Zealand, Singapore, South Korea, Hong Kong and Taiwan), Latin America, the Middle East and Africa (minus mature Israel), and Central and Eastern Europe, continue to show positive IT momentum, despite economic deceleration and a high degree of financial uncertainty in mature markets.

From a regional perspective, Latin America will generate nearly $326 billion in IT spending in 2012, of which professional markets will represent 48.4 percent of the total IT market in reaching $157.7 billion in 2012. Consumer markets in Latin America will reach $168 billion in 2012.

IT spending in the Middle East and Africa is expected to reach $244 billion in 2012, with Saudi Arabia, Turkey and South Africa accounting for nearly 35 percent of this revenue. The Middle East and Africa professional markets represent 38 percent of the total IT market in the region, and will reach $93 billion in 2012.

Central and Eastern Europe are expected to generate nearly $158 billion in IT spending in 2012. Professional markets will represent 48.2 percent of this, totaling $76 billion, while the consumer market is predicted to reach $81.7 billion. Russia's share of IT spending in the region in 2012 is expected for be nearly 45 percent, followed by Poland with 11.8 percent, the Czech Republic with 7.7 percent and Hungary with 3.7 percent.

IT spending in emerging Asia/Pacific countries is expected to reach $496 billion in IT spending in 2012. Emerging Asia/Pacific professional markets will reach 42 percent of the total IT spending in the region, while consumer IT spending will reach $288 billion in 2012.

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