The rapid growth of information technology (IT) markets in Asia and Oceania will influence the development of the global industry by 2020, says India's iconic software figure Narayana Murthy.
Strong consumption and economic growth of the 22 countries in Asia and Oceania will continue playing a greater role in the global market, he said.
Speaking at Software Expo Asia 2013 in Bangkok yesterday, Mr Murthy said the region's high IT spending growth is fuelled mainly by Japan, which accounts for 10% of global IT spending.
IT spending in China accounts for 5% of the global figure.
Mr Murthy is executive chairman of Infosys, India's second-largest software exporter. He is ranked 42nd on India's rich list and 965th on the list of world billionaires.
Technological convergence has become a crucial component in changes to the IT industry, creating emerging technologies including big data, internet-connected devices, cloud computing and 3D printing systems, he said.
Technological convergence has created innovative products and services with more efficiency and lower costs.
Mr Murthy says the state and private firms should promote free information and communications technology (ICT) trade while setting up international technology standards.
Governments should increase the adoption of ICT to improve public services and ensure transparency. Private firms should also use more technologies to increase competitiveness.Thailand is outperforming other countries in the region thanks to increased spending on science and technology research, said Mr Murthy.
Abdullah Kafi, chairman of the Asian-Oceanian Computing Industry Organization, said he believes ICT spending in Asia and Oceania will contribute 40% of global spending of $4 trillion by 2020, up from 26% of $2.1 trillion now.
Gp Capt Anudith Nakornthap, the ICT minister, said the expo reflected Thailand's position to promote the sector.
The three-day expo ends tomorrow and features a conference, exhibition and business-matching seminar. It is being held at the Queen Sirikit National Convention Center.
The Software Industry Promotion Agency spent 30 million baht organising the event, which has about 700 delegates.
About the author
- Writer: Suchit Leesa-nguansuk
Position: Senior Reporter