North America persists as one of the leading dry van container market, third to Asia-Pacific excluding Japan (APEJ
) and Europe respectively.
Asia Pacific Excluding Japan (APEJ
) will continue to be the largest market for infant formula in 2016, representing 46.0% revenue share of the market.
The company expects ICT spending in the APEJ
region to reach US$653 billion in 2012, which is a 10.4% growth over 2011.
Storage revenue growth was consistently strong in the major markets in the APeJ
region in 2010.
manufacturing IT investment is expected to increase from US$22.4 billion in 2010 to US$34.3 billion in 2014 at a compound annual growth rate (CAGR) of 11.3 per-cent.
* Total IT spending in APEJ
manufacturing is expected to reach US$31.2 billion in 2012, with a 2008 to 2012 compound annual growth rate, CAGR, of 8.2 per cent.
FMI's research revealed that Asia Pacific excluding Japan (APEJ
) and North America were the most lucrative regions for smart mining market.
Shipments of cellphones, which is made up of feature phones and smartphones, will rise by a five-year compound annual growth rate (CAGR) of 34% in the APEJ
region, nearly doubling to 942 million units from 551 million units shipped in 2010.
Although hardware spending will continue to take up the lion's share of the overall APEJ
manufacturing IT spending budget, software and IT services are expected to register double digit growth over the next five years, indicating the increasing maturity of the APEJ
manufacturing IT landscape.
The total APEJ
disk and tape storage market was worth US$3.8 billion in 2007.