TECH SUPPLIER Feb 2021 - Market Forecast - Doc # AP47422321

Asia/Pacific (Excluding Japan) Manufacturing IT Applications Forecast, 2019–2024

By: Sampath Kumar VenkataswamyResearch Manager, Sahadev Kadri Ananda, Sharad KotagiAssociate Market Analyst

Abstract

This IDC study presents a five-year forecast for the APEJ manufacturing IT applications industry as of September 2020. It reviews and analyzes market context, including both drivers and inhibitors of IT application growth. It also highlights significant market developments, provides the best estimates of IT spending and forecast by key segment, and offers advice to technology suppliers on how to drive opportunities.

"The Purchasing Managers' Index (PMI) scores across 4Q20 definitely showed signs of recovery across Asia/Pacific, and going by the current estimates, the industrial and shop floor activity signals an uptick in IT and infrastructure spending to support the increasing need to remain operationally resilient and prepare for future disruptions," says Sampath Kumar Venkataswamy, research manager, IDC Asia/Pacific Manufacturing Insights.


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