target audience: TECH SUPPLIER Publication date: May 2023 - Document type: Market Forecast - Doc Document number: # AP50334723
Asia/Pacific IT Services Market Forecast, 2022—2027
This IDC study provides the revenue forecast for the APEJ IT services market for the 2023–2027 period. It includes advice for application management SPs, an analysis of the key market and industry trends by the importing market, key market drivers and inhibitors, and significant market developments.
"The IT services market in Asia/Pacific registered a modest growth rate amidst the impact of rising inflation and growing fears of recession. Buyers continue to take a measured approach to IT spending, with the spotlight now on managing cost and improving business efficiency through automation to effectively navigate the volatile economic environment," says Rijo George Thomas, research manager, IDC Asia/Pacific Software and Services Research Group. "IT SPs showcasing strong business alignment and emphasizing value delivery and innovation will continue to grow in these challenging times," he adds.