The annual Infocomm Media Business Exchange (imbX), Asia's largest infocomm and media event, opened at the Singapore Expo Tuesday.
More than 2,300 exhibitors from 67 countries and regions, such as Ericsson, Motorola and Huawei, are showcasing their latest infocomm technologies (ICT), devices and solutions at a series of exhibitions including CommunicAsia, BroadcastAsia and EnterpriseIT.
Over 60,000 visitors from around the world are expected to come to the show. Of them, some 17,000 trade visitors to the CommunicAsia exhibition are expected to spend 7 billion Singapore dollars (about 4 billion U.S. dollars), according to local media reports.
The imbX event, which will end on Friday, also features several high-profile conferences like the imbX Ministerial Conference on ICT, the Euro-Southeast Asia ICT Forum and the Asian Digital Cinema Summit.
On these platforms, international business leaders, government officials, infocomm policy makers and industry professionals will exchange views and experience on ICT and media issues.
Speaking at the opening of the imbX event, Singapore's Minister for Information, Communications and the Arts Lee Boon Yang said that the infocomm sector can enjoy sustained growth for many more years.
"The outlook for the infocomm sector is bright with continued growth on the back of rising demand by governments, businesses and consumers for infocomm technologies, products and services," he said.
He quoted the International Data Corp as estimating that IT spending in the Asia-Pacific region, excluding Japan, is expected to expand by 52 percent to reach 162.5 billion U.S. dollars by 2010.
The imbX event is jointly organized by the Singapore Exhibition Services and the Singapore infocomm Technology Federation, and hosted by the Infocomm Development Authority and the Media Development Authority of Singapore.