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IT Spending Market in Southeast Asia by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 127
  • SKU: IRTNTR45965
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The IT spending market share in Southeast Asia is expected to increase to USD 33.97 trillion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.4%.

This IT spending market in Southeast Asia research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers IT spending market in Southeast Asia segmentations by type (hardware, services, and software) and geography (Malaysia, Singapore, Thailand, indonesia, and Rest of Southeast Asia). The IT spending market in Southeast Asia report also offers information on several market vendors, including 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. among others.

What will the IT Spending Market Size in Southeast Asia be During the Forecast Period?

Download the Free Report Sample to Unlock the IT Spending Market Size in Southeast Asia for the Forecast Period and Other Important Statistics

 

IT Spending Market in Southeast Asia: Key Drivers, Trends, and Challenges

The increased adoption of mobility solutions in Southeast Asia is notably driving the IT spending market growth in Southeast Asia, although factors such as lack of skilled talent and retention of talent pool may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the IT spending industry in Southeast Asia. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key IT Spending Market Driver in Southeast Asia

The increased adoption of mobility solutions in Southeast Asia is one of the key drivers supporting the Southeast Asia IT spending market growth. Mobility enables e-government initiatives to be successful in tier II or tier III cities and in rural areas that lack IT infrastructure and Internet access. Moreover, using mobility financial inclusion can be achieved, and people without access to a bank can use m-commerce, mobile banking, and mobile money. Furthermore, the growing urbanization is expected to drive mobility growth in Indonesia and Malaysia. IT services and software development centers are highly required with the increasing mobility associated with urbanization. Such factors are expected to propel the growth of the Southeast Asia IT spending market during the forecast period. 

Key IT Spending Market Trend in Southeast Asia

The growth of big data and analytics services is one of the key Southeast Asia IT spending market trends contributing to the market growth. Primarily, enterprises are now witnessing the availability of abundant data with the adoption of technology and data centers. Companies focus on analyzing these data to get an advantage over cost and time. They are recognizing the prospect of big data for designing their IT strategy to capture such opportunities. Meanwhile, the increasing amount of digitization has influenced governments worldwide to deal with the digitization of information such as digital records of citizens. To make the most of these data, governments worldwide are focusing on building big data infrastructure, which is increasing the overall cost of IT services. This has increased the awareness of governments of the need to outsource data analytics activities. Such an increasing need will propel the Southeast Asia IT spending market growth.

Key IT Spending Market Challenge in Southeast Asia

Lack of skilled talent and retention of the talent pool is one of the factors impeding the Southeast Asia IT spending market growth. One of the key challenges being faced by the IT spending market is to avoid losing key competencies, especially when companies are feeling the heat of a meltdown or making strategic divestitures. It could be a difficult task to acquire and retain key employees in outsourcing destinations such as Malaysia and other Southeast Asian countries because of destinations, such as India, China, the US, and Canada, which have competitive pay scales. However, many vendors in mature service delivery locations, such as India and the Philippines, have begun to face scale limitations. These locations have enormous availability of labor but lack the quality and skill set required to fulfill IT processes on a large scale. This, in turn, will impede the Southeast Asia IT spending market growth during the forecast period.

This Southeast Asia IT spending market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the information technology (IT) spending market in Southeast Asia as a part of the global IT spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the IT spending market in Southeast Asia during the forecast period.

Who are the Major IT Spending Market Vendors in Southeast Asia?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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
  • Tata Consultancy Services Ltd.

 

This statistical study of the IT spending market in Southeast Asia encompasses successful business strategies deployed by the key vendors. The IT spending market in Southeast Asia is fragmented and the vendors are deploying growth strategies such as continuously investing in R&D to advance their offerings and increase their consumer base to compete in the market.

Product insights and News

  • Accenture.com - The company offers IT spending sections such as cloud, infrastructure engineering, data and software engineering.
  • Abc.xyz - The company offers IT spending sections such as products and business.
  • Apple.com - The company offers IT spending sections such as Mac, iPad, watch and TV.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The IT spending market in Southeast Asia forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

IT Spending Market in Southeast Asia Value Chain Analysis

Our report provides extensive information on the value chain analysis for the IT spending market in Southeast Asia, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Type Segments in the IT spending Market in Southeast Asia?

To gain further insights on the market contribution of various segments Request for a FREE sample

The IT spending market in Southeast Asia share growth by the hardware segment will be significant during the forecast period. With the rapid growth in the use of mobile devices, such as smartphones and tablets, the hardware segment is expected to grow at a steady rate during the forecast period. Moreover, the increasing adoption of VoLTE and 4G standards by network providers have made consumers upgrade their phones, causing an increase in the demand for phones equipped with VoLTE and 4G. Several telecommunication operators are making significant investments in 4G and 5G infrastructure. These factors will influence the growth of the Southeast Asia IT spending market in the hardware segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the IT spending market in Southeast Asia size and actionable market insights on post COVID-19 impact on each segment.

 

IT Spending Market Scope in Southeast Asia

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.4%

Market growth 2022-2026

$ 33.97 tn

Market structure

Fragmented

YoY growth (%)

7.78

Key consumer countries

Malaysia, Singapore, Thailand, Indonesia, and Rest of Southeast Asia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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.

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, Market condition analysis for forecast period

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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What are the Key Data Covered in this IT Spending Market in Southeast Asia Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive IT spending market growth in Southeast Asia during the next five years
  • Precise estimation of the IT spending market size in Southeast Asia and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the IT spending industry in Southeast Asia  
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of IT spending market vendors in Southeast Asia 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Southeast Asia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Southeast Asia: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Hardware - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Hardware - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Hardware - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Hardware - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Hardware - Year-over-year growth 2021-2026 (%)
    • 5.4 Services - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
    • 5.5 Software - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Software - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Software - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Software - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Software - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography - 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography - 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 Malaysia - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Malaysia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Malaysia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Malaysia - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Malaysia - Year-over-year growth 2021-2026 (%)
    • 7.4 Singapore - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Singapore - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Singapore - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Singapore - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Singapore - Year-over-year growth 2021-2026 (%)
    • 7.5 Thailand - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Thailand - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on Thailand - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on Thailand - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Thailand - Year-over-year growth 2021-2026 (%)
    • 7.6 Indonesia - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Indonesia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Indonesia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Indonesia - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Indonesia - Year-over-year growth 2021-2026 (%)
    • 7.7 Rest of Southeast Asia - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Rest of Southeast Asia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on Rest of Southeast Asia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on Rest of Southeast Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Rest of Southeast Asia - Year-over-year growth 2021-2026 (%)
    • 7.8 Market opportunity by geography
      • Exhibit 66: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 67: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 68: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 69: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 70: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 71: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 72: Matrix on vendor position and classification
            • 10.3 Accenture Plc
              • Exhibit 73: Accenture Plc - Overview
              • Exhibit 74: Accenture Plc - Business segments
              • Exhibit 75: Accenture Plc - Key news
              • Exhibit 76: Accenture Plc - Key offerings
              • Exhibit 77: Accenture Plc - Segment focus
            • 10.4 Alphabet Inc.
              • Exhibit 78: Alphabet Inc. - Overview
              • Exhibit 79: Alphabet Inc. - Business segments
              • Exhibit 80: Alphabet Inc. - Key news
              • Exhibit 81: Alphabet Inc. - Key offerings
              • Exhibit 82: Alphabet Inc. - Segment focus
            • 10.5 Apple Inc.
              • Exhibit 83: Apple Inc. - Overview
              • Exhibit 84: Apple Inc. - Business segments
              • Exhibit 85: Apple Inc. - Key news
              • Exhibit 86: Apple Inc. - Key offerings
              • Exhibit 87: Apple Inc. - Segment focus
            • 10.6 Dell Technologies Inc.
              • Exhibit 88: Dell Technologies Inc. - Overview
              • Exhibit 89: Dell Technologies Inc. - Business segments
              • Exhibit 90: Dell Technologies Inc. - Key news
              • Exhibit 91: Dell Technologies Inc. - Key offerings
              • Exhibit 92: Dell Technologies Inc. - Segment focus
            • 10.7 Hewlett Packard Enterprise Co.
              • Exhibit 93: Hewlett Packard Enterprise Co. - Overview
              • Exhibit 94: Hewlett Packard Enterprise Co. - Business segments
              • Exhibit 95: Hewlett Packard Enterprise Co. - Key news
              • Exhibit 96: Hewlett Packard Enterprise Co. - Key offerings
              • Exhibit 97: Hewlett Packard Enterprise Co. - Segment focus
            • 10.8 International Business Machines Corp.
              • Exhibit 98: International Business Machines Corp. - Overview
              • Exhibit 99: International Business Machines Corp. - Business segments
              • Exhibit 100: International Business Machines Corp. - Key offerings
              • Exhibit 101: International Business Machines Corp. - Segment focus
            • 10.9 Microsoft Corp.
              • Exhibit 102: Microsoft Corp. - Overview
              • Exhibit 103: Microsoft Corp. - Business segments
              • Exhibit 104: Microsoft Corp. - Key news
              • Exhibit 105: Microsoft Corp. - Key offerings
              • Exhibit 106: Microsoft Corp. - Segment focus
            • 10.10 Oracle Corp.
              • Exhibit 107: Oracle Corp. - Overview
              • Exhibit 108: Oracle Corp. - Business segments
              • Exhibit 109: Oracle Corp. - Key news
              • Exhibit 110: Oracle Corp. - Key offerings
              • Exhibit 111: Oracle Corp. - Segment focus
            • 10.11 Samsung Electronics Co. Ltd.
              • Exhibit 112: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 113: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 114: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 115: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 116: Samsung Electronics Co. Ltd. - Segment focus
            • 10.12 SAP SE
              • Exhibit 117: SAP SE - Overview
              • Exhibit 118: SAP SE - Business segments
              • Exhibit 119: SAP SE - Key news
              • Exhibit 120: SAP SE - Key offerings
              • Exhibit 121: SAP SE - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 122: Inclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 123: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 124: Research methodology
                • Exhibit 125: Validation techniques employed for market sizing
                • Exhibit 126: Information sources
              • 11.5 List of abbreviations
                • Exhibit 127: List of abbreviations

              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.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The it spending market in southeast asia market growth will increase by $$ 33.97 tn during 2023-2026.
              The it spending market in southeast asia market is expected to grow at a CAGR of 8.4% during 2023-2026.
              Technavio has segmented the it spending market in southeast asia market by type (Hardware, Services, and Software) and geography (Malaysia, Singapore, Thailand, Indonesia, and Rest of Southeast Asia).
              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, Tata Consultancy Services Ltd. are a few of the key vendors in the it spending market in southeast asia market.
              Southeast Asia will register the highest growth rate of 100% among the other regions. Therefore, the it spending market in southeast asia market in Southeast Asia is expected to garner significant business opportunities for the vendors during the forecast period.
              • Malaysia
              • Singapore
              • Thailand
              • Indonesia
              • Rest of Southeast Asia
              The key factors driving the it spending market in southeast asia market growth are:
              • Increased adoption of mobility solutions in Southeast Asia
              • Growth of big data and analytics services
              The it spending market in southeast asia market vendors should focus on grabbing business opportunities from the hardware segment as it accounted for the largest market share in the base year.
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