06 Mar 2022

New IDC Forecast Reveals AI, Robotics, IoT, AR/VR, and Blockchain Expected to Contribute to Near 40% of Total ICT Investments in Asia/Pacific* by 2023

Asia/Pacific* Leads in the Shift Towards a Digital-First Economy, Says IDC

SINGAPORE, March 7th, 2022 – The latest release of IDC's Worldwide Black Book: 3rd Platform Edition reveals that the recent acceleration in digital investments sets Asia/Pacific* ahead of the rest of the world. Investments in new technologies such as artificial intelligence, robotics, IoT, AR/VR, and blockchain are expected to contribute close to 40% of total ICT investments by the end of the forecast period from around 30% in 2020. Compared to other regions, this is the highest and represents close to 18% growth in dollar terms during the forecast period of 2020-25.

Source: IDC Worldwide Black Book: 3rd Platform Edition, Feb 2022

"The pandemic induced digital-first shift in the region led to increased investments in new technologies and will continue to do so in the foreseeable future," says Vinay Gupta, Research Director at IDC IT Spending Guides, Customer Insights & Analysis. "Enterprises that have realized the business gain will find it difficult to undo these initiatives. Those still sitting on the sidelines will recognize that the world has moved on", he added.

Source: IDC Worldwide Black Book: 3rd Platform Edition, Feb 2022

Traditional ICT spending on hardware, software, services, and telecom has two facets: revenue from legacy categories is stagnating or declining, while growth will come from cloud, mobile, big data analytics, and social. Savings secured by enterprises post deploying cloud or analytic solutions is reinvested in new technologies. In developing economies of Asia Pacific*, the story is a bit different. Having skipped the earlier phase of technology investments, enterprises are investing in these new technologies seeing the benefits gained by their brethren in developed economies.

“New Technologies have seen accelerated acceptance due to the faster adoption of the digital journey. Organizations are now poised to take a chance to have a change or be the change for their customers. Interaction and bundling within these technologies will be more effective for their future.” says Mario Allen Clement, Senior Market Analyst at IDC IT Spending Guides, Customer Insights & Analysis.

As per IDC's latest research, around 40% of Asia Pacific* enterprises report bringing operational efficiency and growing revenue as their two most important business priorities. Thus, enterprises have adopted new technologies such as Internet of Things (IoT) and robotics-specific use cases that deliver a rapid return on investments. IoT and robotics constitute around 80% of the new technology investment in the region. Driving IoT spending are use cases around manufacturing operations and production asset management. Industrial robots used for monotonous but high precision tasks such as assembly, welding, and painting are witnessing increasing investments. Security-related to new technologies will continue to drive growth in the forecasted period.

IDC's Worldwide Black Book: 3rd Platform Edition is an expanded view of the ICT market in 53 countries, with forecasts for all traditional technologies in addition to new emerging categories such as drones, sensors, and AR/VR viewers. In addition, it segments all ICT spending by the following platforms: cloud, mobility, big data and analytics, social, IoT, AI, AR/VR, 3D printing, security, robotics, and blockchain. Worldwide Black Book: 3rd Platform Edition gives ICT suppliers and investors all the tools necessary to develop a comprehensive understanding of new and emerging market opportunities alongside traditional technologies and the shift from legacy platforms to new deployment models, including the migration of ICT to the cloud and mobile platforms.

*Asia/Pacific excluding Japan


About IDC Spending Guides

IDC's Spending Guides provide a granular view of key technology markets from a regional, vertical industry, use case, buyer, and technology perspective. The spending guides are delivered via pivot table format or custom query tool, allowing the user to easily extract meaningful information about each market by viewing data trends and relationships. For more information about IDC's Spending Guides, please contact Vinay Gupta at vgupta@idc.com. Click here to learn about IDC's full suite of data products and how you can leverage them to grow your business.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDCAP and LinkedIn. Subscribe to the IDC Blog for industry news and insights.


For more information, contact:

Vinay Gupta

Theresa Rago
+65 9159 3053

Miguel Carreon
+65 6226 0330

Alvin Afuang
+63 2 8862 9721

Mario Allen Clement
+91 080 66991118