Business

China and India will sustain High Tech Market Growth

China, the second world market ahead of Japan, as well as India and Brazil s will hold much of the growth of the world market for high technology in 2013, while Europe suffers from its economic situation, estimated on Wednesday the German federation of the sector.

“The high-tech sector is an important growth engine in the world,” the federation Bitkom said in a statement, a few days before the start of the high-tech Cebit hall in Hanover (north).

For 2013, this professional federation foresees a growth of 5.1% of the turnover of the sector to reach 2.7 billion euros in the world.

The highest growth is expected in India (+ 13.9%), Brazil (+ 9.6%) and China (+ 8.9%), says Bitkom, which is based on data from its own research institute.

In Europe, the sector will grow much less (+ 0.9%) and Japan (+ 1.4%), which has yielded to China the position of second high-tech market behind the United States, whose growth will be this year at 6.5%.

“In the current situation, a growth of 1% in Europe is rather encouraging,” Bitkom president Dieter Kempf was quoted as saying in the statement.

The United States continues to be the largest high-tech market with 26.8%, well ahead of China (9.5%), which surpasses Japan for the first time (8.3%).

As a whole, the European Union occupies 26.8% of the world market for high-tech, of which Germany accounts for 4.5%, which places it in the fifth position behind Brazil (5%).

The Hall of Information and Communication Technologies (Cebit), the largest in the sector, is held from March 5 to 9.

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