IT Services Market in Asia 2015-2019
About IT Services
IT services help organizations create, manage, and optimize information and business processes with technical expertise. These services are process focused and provide a framework to structure IT-related activities. They help organizations centralize their processes and develop a more economical cost structure.
Technavio’s analysts forecast the IT services market in Asia to grow at a CAGR of 8.89% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the IT services market in Asia for the period 2015-2019. The market is segmented into three: ITO, project-oriented services, and support and training services. The report includes the IT service markets in the following countries: Japan, Australia, South Korea, India, Singapore, China, Thailand, New Zealand, Vietnam, Hong Kong, Indonesia, and Philippines.
Technavio’s report, IT Services Market in Asia 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes the profile of key vendors operating in this market.
Technavio Announces the Publication of its Research Report – IT Services Market in Asia 2015-2019
Technavio recognizes the following companies as the key players in the IT Services Market in Asia: Fujitsu, Hitachi, IBM and NEC
Other Prominent Vendors in the market are: Accenture, ACS, Asiainfo-Linkage, BT Global Services, Capgemini, Cisco, CSC, CTS, Dell , Digital China Holdings, Ericsson, HCL, HP, Huawei Technologies, Infosys, IT Holdings, Lockheed Martin, Logica, Microsoft, Nihon Unisys, Nokia Siemens Networks, NRI, NS Solutions, NTT DATA, Otuska, Oracle, Orange Business Service, PwC, SAIC, Samsung SDS, SCSK, TCS, Verizon Business and Wipro
Commenting on the report, an analyst from Technavio’s team said: “Cloud computing is an emerging technology that enables both IT infrastructure and software to be delivered directly over the internet as a service. The ubiquity of the internet and widespread availability of high-speed broadband connections are primary factors driving the shift toward cloud computing services. Cloud computing allows enterprises to access technologies such as infrastructure, platforms, and software that need proper IT support. The rapid rise in popularity of cloud services has led to the development of various platforms such as private cloud, public cloud, and hybrid cloud. It is observed that SaaS is the fastest growing segment in cloud computing followed by IaaS. Currently, growth is driven by demand in developed countries such as Japan and China. Maximum uptime, access to most advanced technologies, and reduction of maintenance and resource expenses are the benefits of adopting cloud services within organizations.”
According to the report, rapid data proliferation, shift of IT infrastructure to the cloud, and rising number of mobile platforms and social media applications have triggered the demand for IT services among enterprises in Asia. Also, evolving deployment models and changing business models have resulted in the need for IT services among enterprises. A growing mobile workforce population driven by business demands has increased the need for enterprise mobility services. Service providers are offering advanced solutions such as ready-to-go platforms and app stores. For instance, Cisco Enterprise Mobility Service Platform provides instant delivery of a context-based mobile experience. It enables easy integration with mobile apps, data, back-end IT, and network infrastructure. TCS, Infosys, Atos, and Cognizant provide ready-to-go services, which include mobile wallets by Infosys and Atos, and mobile point-of-sale solutions by TCS.
Further, the report states that with a rise in demand for handheld devices such as tablets and smartphones for managing business transactions anywhere and anytime, the high cost of implementation hinders the IT services market in Asia.
Fujitsu, Hitachi, IBM, NEC, Accenture, ACS, Asiainfo-Linkage, BT Global Services, Capgemini, Cisco, CSC, CTS, Dell , Digital China Holdings, Ericsson, HCL, HP, Huawei Technologies, Infosys, IT Holdings, Lockheed Martin, Logica, Microsoft, Nihon Unisys, Nokia Siemens Networks, NRI, NS Solutions, NTT DATA, Otuska, Oracle, Orange Business Service, PwC, SAIC, Samsung SDS, SCSK, TCS, Verizon Business, Wipro
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