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The Southeast Asia - IT Spending Market size is estimated to grow at a CAGR of 8.44% between 2022 and 2027. The market size is forecast to increase by USD 33,641.11 million. The growth of the market depends on several factors, including the increased adoption of mobility solutions in Southeast Asia, the rise of IoT solutions, and the proliferation of data. IT can be defined as an integrated platform consisting of hardware, software, and services. Organizations have IT departments, which are responsible for storing, safeguarding, processing, transmitting, and retrieving information. IT enables a smooth flow of information across an organization.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. IT is required to develop a secure cyber environment, maintain a uniform flow of information, and help to increase the revenue generation of an organization over a long period of time. They also bolster organizations to align their business processes with different technologies and improve overall efficiency.
This Southeast Asia IT spending market report extensively covers market segmentation by type (hardware, services, and software). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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One of the key factors driving the Southeast Asia IT spending market growth is the proliferation of data. There is a significant generation of data from various sources including the Internet, mobile devices, and social media. As a result, several organizations are facing challenges with the increasing volume, variety, and velocity of data such that it has become difficult to efficiently analyze and manage large databases.
Moreover, inaccurate data generated from different sources offer wrong information and predictions about consumer behavior, consumer buying patterns, and other information utilized for key decision-making processes. However, organizations are able to transform unstructured and semi-structured data into structured and meaningful data with the advent of big data analytics technology. Hence, such factors are positively impacting the Southeast Asia - IT spending market. Therefore, it is expected to drive the Southeast Asia IT spending market growth during the forecast period.
A key factor shaping the Southeast Asia IT spending market growth is the increased adoption of bring your own device (BYOD). There is a growing popularity of enterprise mobility across the corporate world due to the preference of employees to use their tablets, smartphones, and portable computers at work. BYOD essentially requires specific management and IT service delivery frameworks for offering an electronically secure and productive work environment.
Moreover, there is an increasing focus by companies to offer the correct mobile devices to their employees. The main purpose of the implementation of BYOD is to offer a cost-effective solution, mobility to employees, and enhanced productivity. Hence, such factors are positively impacting the Southeast Asia - IT spending market. Therefore it will drive the Southeast Asia IT spending market growth during the forecast period.
System integration and interoperability issues are one of the key challenges hindering the Southeast Asia IT spending market growth. There is an increasing adoption of advanced technology across various industries including BFSI, telecom, and public sector firms resulting in problems of system integration and interoperability. It has become essential to offer unified IT solutions that can be smoothly integrated with the IT infrastructure of organizations.
Moreover, another factor that can significantly contribute to an increase in cost and reduced operational efficiency is technical glitches. The main cause of system integration and interoperability is the updation of merging IT infrastructure with acquired companies. Hence, such factors can negatively impact the market which in turn will hinder the Southeast Asia IT spending market growth during the forecast period.
The hardware segment is estimated to witness significant growth during the forecast period. One of the main factors that is significantly contributing to the growth of this segment is the rapid growth in the use of mobile devices, such as smartphones and tablets. In addition, there is an increase in demand for phones equipped with VoLTE and 4G due to the increasing adoption of voice-over long-term evolution (VoLTE)(a standard for high-speed wireless communication for cellphones) and 4G standards by network providers.
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The hardware segment was the largest segment and was valued at USD 26,852.95 million in 2017. Furthermore, the emergence of 5G services in the region will further fuel the demand for 5G-equipped mobile phones. In addition, there is an increase in investments by several telecommunication operators in in 4G and 5G infrastructure. For example, in January 2021, Nokia Corp. and M1 Ltd. partnered with 5G standalone Core to drive Singapore's 5G ecosystem. Hence, such investments are significantly fuelling the growth of this segment. The rising growth of the processing power in smartphones also played a crucial role in the decline of PC sales. Several complicated activities were carried out at ease with enhanced processing power, which comprises gaming and photo editing done on portable devices rather than on PCs. Hence, such factors are fuelling the growth of this segment which in turn will drive the Southeast Asia IT spending market growth during the forecast period.
The Southeast Asia IT spending market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Southeast Asia IT Spending Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Accenture Plc: The company offers IT spending such as Digital Transformation Consultation and Technology Advisory Services to optimize clients technology investments.
Acer Inc: The company offers IT spending such as Acer Business Solutions including laptops, desktops, and displays for businesses.
Alphabet Inc: The company offers IT spending such as Google Cloud Services and Workspace to enhance businesses digital infrastructure.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Southeast Asia IT spending market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Southeast Asia IT Spending Market Scope |
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Report Coverage |
Details |
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Page number |
147 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.44% |
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Market growth 2023-2027 |
USD 33,641.11 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
7.4 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Accenture Plc, Acer Inc., Alphabet Inc., Apple Inc., ASUSTeK Computer Inc., Broadcom Inc., Capgemini Service SAS, Cisco Systems Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., Oracle Corp., Samsung Electronics Co. Ltd., SAP SE, and Tata Consultancy Services Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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