“World`s IT Market Will Grow by 4.5 % This Year”

It has been forecasted that the world information technology market will have 4.5% growth rate this year and 5.7% growth in next year.

This isn`t nothing like an explosive growth rate compare to the end of the 1990s but the industries have been paying a close attention since it is an observation on a recent stagnated IT market entering a recovery stage.

European Information Technology Observatory (EITO) of the European communication industries such as Deutsche Telecom AG and Telecom Italia, predicted on the 26th that the world`s IT market size will grow from 2 trillion 153 billion Euro to 2 trillion 250 billion Euro, that is a 4.5% growth rate.

It also clarified that the world`s IT market will display a slow moving recovery pace in upcoming year by 5.7% with 2 trillion 378 billion Euro.

EITO has named numerous Asian countries excluding China and Japan but including Korea as well as countries in the Central Europe and Latin America as the countries to lead this growth of the IT market. It has been forecasted that the IT related consumption would increase in these regions.

Bernhard Rohleder, a managing director CEO of EITO stated, “The present IT market now awaits its second growth period after passing through its first growth period.”

The powerful policy of the market opening in the late 1990s along with the wide spread mobile phones as well as the issue of the millennium bug problem, were the primary factors that led the first growth but the high speed internet along with the wireless network and voice recognition technology will lead this upcoming second growth. The above are outlooks of CEO Rohleder.

Seong-Yub Ra cpu@donga.com