My second prediction is about the regional growth of ITC spending. I expect spending in the Americas and EMEA to be much the same as this year – flat at $3.0 and $2.3 trillion respectively. However I predict that the market in Asia Pacific will grow 7% to reach $2.1 trillion in the year, closing the gap with EMEA. Beyond 2025 the Americas and Asia Paific will see growth while EMEA will flat-line. New tariffs imposed by President Trump andas reactions to them will reduce spending growth in all regions.