IT Spending Market in South East Asia 2017-2021
About IT Spending
IT is an integrated platform, which consists of hardware, software, and services. The IT departments in organizations are responsible for safeguarding, storing, transmitting, processing, and retrieving information. IT helps for a smooth flow of information across organizations. IT departments manage all IT-related software, services, and solutions. It also helps in integrating and streamlining processes, which facilitates a smooth flow of organizational information.
Technavio’s analysts forecast the IT spending market in south east asia to grow at a CAGR of 6.17% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the IT spending market in south east asia for 2017-2021. To calculate the market size, the report considers new installations, sales, and replacement, aftermarket, and services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – IT Spending Market in South East Asia 2017-2021
Technavio recognizes the following companies as the key players in the IT spending market in south east asia: apple, Dell, HP, Samsung Electronics, Accenture, Alphabet, IBM, Microsoft, Oracle, and SAP.
Other Prominent Vendors in the market are: Acer, Asus, Capgemini, Cisco Systems, Cognizant, Infosys, Lenovo, TATA Consultancy Services, and Symantec.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth of big data and analytics services. Analytics is one of the most significant trends of the shared services industry. Analytics services are being adopted by firms to transform unstructured data gathered from online channels into structured data to get insights.”
According to the report, one driver in the market is increased adoption of mobility solution in South East Asia. Mobility is touching every aspect of government operations such as data collection using mobile devices, wireless networks, and unified communication. Mobility enables e-government initiatives successful in tier II/tier III cities and in rural areas that lack IT infrastructure and Internet access. Therefore, for an uninterrupted data sharing process, mobility plays a crucial role.
Further, the report states that one challenge in the market is lack of skilled talent and retention of talent pool. The lack of skilled talent and retaining talent are the major challenges for many IT firms in the South East Asian IT spending market. Globalization has brought disruptive effects on the talent pipelines of individual service delivery locations. The high levels of attrition in the market over the past few years indicate a key challenge brewing at the core of growth.
apple, Dell, HP, Samsung Electronics, Accenture, Alphabet, IBM, Microsoft, Oracle, SAP, Acer, Asus, Capgemini, Cisco Systems, Cognizant, Infosys, Lenovo, TATA Consultancy Services, and Symantec.
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