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.
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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
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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
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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.
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