Nearly three million jobs are expected to be created by the Asia-Pacific region's information technology (IT) industry by 2013, according to a new IDC study, which also projects 4.8 percent growth in IT spending each year for the next four years. "Innovation in technology will play a vital role in enabling new business opportunities and employment growth throughout Asia," says Microsoft's Emilio Umeoka. "IT will be a catalyst for the wider economic recovery, as companies take advantage of technology solutions to improve their cost base and service outcomes." The study involved the participation of more than 50 nations, and focused on IT's contribution to gross domestic product, IT job creation, software sector employment, formation of new companies, local IT spending, and tax revenues. The study predicts that 32,000 new businesses will be created by higher IT spending by 2013, with the majority of those companies being small and locally owned. Singapore's IT spending is expected to grow by almost 2 percent a year through 2013 and create approximately 17,000 new IT jobs. The study names cloud computing as the next major IT development area, and anticipates that the sector could generate close to $300 billion in net new business revenues to the Asia-Pacific region's economy by the end of 2013.
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