NEWS
APAC tech spend will grow 5.6 % in 2025
Forrester projects that global technology spend will grow by 5.6 % in 2025 to reach $ 4.9 trillion – with APAC expected to see the most rapid growth .
According to Forrester ’ s Global Tech Market Forecast , 2024 To 2029 , software and IT services combined will account for 66 % of global technology spend in 2025 , fuelled by increased investment in cybersecurity solutions and the modernisation of legacy systems . Software alone will grow at a rate of 10.5 % and is expected to capture 60 % of global tech spend growth by 2029 – making it the fastest-growing tech sector .
The report further states that investments in generative AI will drive industry-specific growth .
Highlighted in the report is the growth of APAC tech spend by 5.6 % in 2025 . The report says the region will witness a surge in real GDP growth that far exceeds the global average , led by countries including India , the Philippines , Vietnam and Indonesia . Government initiatives in China and India and increased investment in generative AI and semiconductors in Japan and South Korea , will help drive spend with India seeing the fastest growth with 2025 tech spend expected to increase by 9.6 %.
“ Over the next five years , technology investments will reshape industries at an unprecedented pace ,” said Michael O ’ Grady , Principal Forecast Analyst , Forrester .
“ Companies prioritising these investments will strengthen their competitive edge and achieve sustainable growth – but they must also balance their rapid tech investments with ongoing efforts to manage legacy systems and reduce technical debt .”
Fujitsu and Yokohama National University achieve world ’ s first real-time prediction of tornadoes
Fujitsu Limited and Yokohama National
University have achieved the world ’ s first real-time prediction of multiple typhoonassociated tornadoes using advanced supercomputing technology .
The new technology utilizes optimized large-scale parallel processing coupled with the enhanced Cloud Resolving Storm Simulator ( CReSS ), a weather simulator developed by Professor Kazuhisa Tsuboki on Fujitsu ’ s Fugaku supercomputer . This allows for a single , high-resolution simulations encompassing both large-scale typhoons and smaller-scale tornadoes , resulting in accurate , real-time predictions .
Lab ’ s Fujitsu – Yokohama National University Typhoon Science and Technology Research Center Collaborative Research Laboratory , focused on understanding typhoon formation mechanisms and accelerating and improving the accuracy of typhoon prediction simulations .
Seishi Okamoto , EVP , Head of Fujitsu Research , Fujitsu Limited , said : “ By advancing research in typhoon development prediction and prediction simulation , we aim to help mitigate weather-related disasters and lessen their impact , contributing to solutions for global environment , one of Fujitsu ’ s key materiality topics .
Professor Hironori Fudeyasu , Director , TRC , Institute of Multidisciplinary Sciences , Yokohama National University , said : “ The supercomputer Fugaku and high-resolution modeling enabled high-precision simulations across scales , leading to real-time predictions crucial for improving early warning systems and mitigating the impact of these devastating events . This breakthrough is expected to significantly contribute to disaster risk reduction while minimizing environmental consequences .
Fujitsu and Yokohama National University initiated a joint research project in 2022 to address societal challenges related to increasingly severe typhoons exacerbated by global warming . This collaboration , conducted under the Fujitsu Small Research
www . intelligentcio . com INTELLIGENTCIO APAC 15