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AMI-PARTNERS: SMBs in 16 ASEAN Cities Contribute More Than 60% to Total IT and Communications Spend in 2009.

Article Excerpt
Top three cities in Indonesia, Malaysia, Philippines, Thailand and Vietnam respectively, plus Singapore, contribute to the lion's share of SMB ICT spending in ASEAN

SINGAPORE -- Small and medium businesses (SMBs or companies with less than 1,000 employees) in key ASEAN countries are on track to spend US$24 billion on ICT products and services in 2009, up by about 5% over 2008, and about half the pre-crisis forecast growth rate.

Even at a much reduced growth rate of 5%, the ASEAN region will still perform better than other regions around the world, and is a market that all ICT vendors should not neglect in their growth and expansion plans," according to the latest ASEAN opportunity analysis by Access Markets International (AMI) Partners, Inc.

"Among all ASEAN countries, Singapore SMBs, which constitute about 13% of the total SMB ICT spending, is expected to chalk up the slowest growth. Hence, ICT vendors are increasingly looking to SMBs in Indonesia, Malaysia, Thailand,...

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