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.