[January 05, 2018]

Asia IT Services Market Report Analysis and Forecasts 2016-2021 - Global Corporations Outsourcing Their Internal Functions to Asia is a Key Driver - Research and Markets

The "Asia IT Services Market Report 2017" report has been added to Research and Markets' offering.

According to The Economist Intelligence Unit (EIU), between 2010 and 2016 IT services spending in Asia doubled increasing from around $90 billion to over $140 billion in 2016.

Rapid growth in the IT services market in Asia is in line with the region's rapid economic growth. Key drivers for growth include the increasing preference of global corporations to outsource their internal functions to Asia and high demand for IT services such as cloud services and software services from manufacturing and services industries in this region. Rising desktop PC, internet and mobile phone penetration rates have also boosted demand for IT services in the region.

The information technology services industry breaks down into software and BPO services, hardware support services and cloud services. Asia's IT services market accounts for almost one-fourth of the global IT services market. In recent years Asia had thehighest growth in the IT services market and will remain the highest in terms of market growth in the foreseeable future.

Many cloud service providers are offering services for storing long term data in the cloud. They are offering solutions for moving data from in-house servers to remote servers, hence eliminating issues arising due to archiving. Many companies are migrating from small, in-house facilities to mega data centers operated by large service providers. For instance, according to IDC (News - Alert), worldwide datacenter space is expected to increase to around 1.9 billion square feet in 2018. Going forward, the industry is expected to witness a rapid shift to cloud services.

Scope:

• Markets covered: Hardware Support Services, Software And BPO Services, Cloud Services.
• Time series: Five years historic and forecast.
• Data: Ratios of market size and growth to related markets, population, GDP, IT services Indicators Comparison, Internet Penetration, and Internet Hosts across selected countries.
• Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

• IBM
• Accenture
• HPE
• Microsoft
• SAP (News - Alert)
• Fujitsu
• TCS
• Oracle
• NTT data
• CapGemini
• Infosys Ltd
• Wipro (News - Alert) Limited

For more information about this report visit https://www.researchandmarkets.com/research/sr99z3/asia_it_services?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20180105005478/en/

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