Asia Pacific IT Services Market reached US$205 billion in 2015

OVUM Irwin forecasts that the expenditure on IT services in the Asia-Pacific region will increase at a compound annual growth rate of 6.6% in the next four years and reach US$205 billion by 2015. According to the latest research by independent technology analysts, the impact of the Asia-Pacific region during the economic downturn is not significant, and the market is still gradually recovering, with a maximum of 9% growth in 2015.

Lufthansa Iyengar, a senior analyst at OVUM Irving’s market intelligence team, said that many corporate clients in the Asia-Pacific region who had cut spending and suspended in the economic downturn have recently started investing for market growth. To support the many rapidly expanding economies in the region, companies want to upgrade, transform and update their IT environments. These application and consulting businesses will drive most of the growth.

At the same time, OVUM also announced the latest report on the market share of the top 30 IT service providers in the region. Fujitsu won the championship of IT service revenue in 2010, with a market share of 13.9%.

Except that Japan is still dominated by large domestic suppliers, global suppliers are still the main representatives of most markets in the region. This highlights the fact that there is still a tendency to “love to use domestic products” and that it is increasingly looking forward to being able to learn and approach well-established global suppliers to support the company’s expansion plans.