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Features

Software

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DQI Bureau
New Update


According

to preliminary data from IDC’s research and advisory service, the

Asia-Pacific (excluding Japan) bio-IT market will increase at a compound

annual growth rate (CAGR) of 55% to reach $3.39 billion by 2006. Moreover,

IDC estimates that $50 billion will be injected into the Asia-Pacific life

science markets from both public and private sources over the next few

years. The race is clearly on among APAC countries, especially as they

seek to position themselves as genuine global bio-environments. The major

focus is being centered on gene therapy, agri-sciences, bioinformatics,

genomics and proteomics.

Despite

the dire worldwide and regional economic situation, growth opportunities

for system management software can still be found within the Asia-Pacific

region. The market is expected to treble in the next five years. The key

driver would be that management tools are becoming ‘Web-enabled’ to

take advantage of the platform-independent access and communication

capabilities resulting from Web technology.

Fueled

by the current uncertain and difficult global economy, organizations need

to better understand and plan their business, based on sound comprehensive

analysis of corporate information, in order to respond quickly to market

dynamics. Over the 2001-2006 forecast period, the outlook for the

Asia-Pacific BI solutions market is optimistic, with steady growth

expected to expand at a compound annual growth rate of 23%–to reach $3.3

billion in 2006.
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