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IT Spending Market in Southeast Asia to grow by USD 22.39 Bn from 2021 to 2025|Technavio
[October 13, 2021]

IT Spending Market in Southeast Asia to grow by USD 22.39 Bn from 2021 to 2025|Technavio


NEW YORK, Oct. 13, 2021 /PRNewswire/ -- The IT spending market in Southeast Asia is set to grow by USD 22.39 bn from 2021 and 2025 and register a CAGR of 6%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Read Free Sample Report to explore more growth opportunities in the IT Spending Market in Southeast Asia.

The IT spending market in Southeast Asia is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

IT Spending Market in Southeast Asia 2021-2025: Segmentation

  • Type
    • Hardware
    • Services
    • Software
  • Geography
    • Malaysia
    • Singapore
    • Thailand
    • Indonesia
    • The Philippines

Download Free Sample Report for more information on the segments of the IT Spending Market in Southeast Asia.


IT Spending Market in Southeast Asia 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, the IT spending market in Southeast Asia provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Accenture Plc, Alphabet Inc., Apple Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Samsung Electronics Co. Ltd., and SAP SE.

The report also covers the following areas:

Factors such as increased adoption of mobility solutions in Southeast Asia, rise of IoT solutions, and the proliferation of data will offer immense growth opportunities. However, factors such as lack of skilled talent and retention of talent pool may threaten the growth of the market.

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IT Spending Market in Southeast Asia 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist it spending market in Southeast Asia growth during the next five years
  • Estimation of the IT spending market in Southeast Asia size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the IT spending market in Southeast Asia
  • 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 in Southeast Asia vendors

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IT Spending Market In Southeast Asia Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

USD 22.39 billion

Market structure

Fragmented

YoY growth (%)

4.52

Regional analysis

Malaysia, Singapore, Thailand, Indonesia, and The Philippines

Performing market contribution

Singapore at 31%

Key consumer countries

Malaysia, Singapore, Thailand, Indonesia, and The Philippines

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Alphabet Inc., Apple Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Samsung Electronics Co. Ltd., and SAP SE

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the 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.


Download FREE Sample and get additional highlights of IT spending market in Southeast Asia.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio


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