5G to account for 57% of China tech spend in 2019
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Spending on 5G will account for the majority of China’s technology spending in 2019 as the nation continues to spend heavily to ensure it leads the global race to implement the mobile technology, Forrester Research predicts.
China will spend a total of $256 billion on technology goods and services this year, with 5G spending to account for 57% of this, the research firm said in a new report.
The nation is best positioned to win the global race to implement 5G after having outspent the US in this area by around $24 billion since 2015.
Meanwhile China and Japan are set to dominate technology spending in Asia-Pacific, collectively accounting for 60% of the total market. India will be third with anticipated spending of $70 million, Forrester said.
India, China and the US will also see the strongest growth amid a slowing global technology market. Total growth in spending is expected to slow to 4.5% in 2019, and to 3.8% in 2020.
The report also found that Asia-Pacific still lags the US and Europe in terms of cloud adoption, because the infrastructure in most Asia-Pacific markets is not mature enough to support cloud solutions.
Questions & Answers
Q.What percentage of China's total technology spending in 2019 will be allocated to 5G development?
What percentage of China's total technology spending in 2019 will be allocated to 5G development?
5G spending is predicted to account for 57% of China's total technology expenditure in 2019. This means that more than half of the nation's tech budget will go towards 5G implementation.
Q.How much has China outspent the US on 5G development since 2015?
How much has China outspent the US on 5G development since 2015?
Since 2015, China has outspent the US on 5G development by approximately $24 billion. This significant investment has positioned China strongly in the global race for 5G implementation.
Q.Which two countries are expected to dominate technology spending in the Asia-Pacific region?
Which two countries are expected to dominate technology spending in the Asia-Pacific region?
China and Japan are set to collectively dominate technology spending in the Asia-Pacific region. Together, they will account for 60% of the total market, with India anticipated to be the third-largest spender.
Q.Why does Asia-Pacific lag behind the US and Europe in cloud adoption?
Why does Asia-Pacific lag behind the US and Europe in cloud adoption?
Asia-Pacific lags in cloud adoption because the infrastructure in most of its markets is not yet mature enough. This lack of developed infrastructure makes it challenging to support advanced cloud solutions effectively.
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