IT Spending Market in South East Asia Estimated to Gain Substantial Growth at a CAGR of 6% by 2021

The global trend of IT spending is constantly booming the industry growth, driven by its use in a variety of organizations. In South East Asia, the increased adoption of mobility solutions has come out as one of the primary factors for the growth of the IT spending market. To precisely predict the industry’s growth prospects and to help clients gain crucial insights, a new study titled “IT Spending Market in South East Asia 2017-2021” has been broadcasted to the huge repository of Market Research Hub (MRH). This report is a professional and in-depth analysis of the present situation and future outlook of the IT spending market in South East Asia. Additionally, this guide will provide a granular outlook of the market for IT spending from a country, industry, company size and technology perspective.

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Geographically, the research study has analyzed the IT spending market in some key countries including Indonesia, Philippines, Singapore, Malaysia and Thailand. This report forecasts that the IT spending market in South East Asia will grow progressively at a CAGR of 6% by 2021. As per the findings, increased adoption of mobility solutions is one of the chief factors for the growth. In terms of geography, Malaysia will be the major revenue contributor to the market throughout the forecast period. The growth in the hardware segment due to the increased focus on consumers to upgrade their phones and the demand for software services from the manufacturing industry will drive the growth of the market in Malaysia.

IT is an integrated platform, which consists of hardware, software and services. IT enables a continuous flow of information in an organization. Nowadays, increased mobility will result in a rise in the need for IT services and software development centers, which will subsequently fuel the growth of the IT spending market in South East Asia. To offer a cost-effective solution and provide mobility to employees and enhance productivity, enterprises in this region are increasingly adopting BYOD programs, which as a result will gain traction in the IT spending market in South East Asia during the next few year.

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Moreover, this report identifies the market dynamics such as drivers, restraints, risks and opportunities that influence the present nature of the market and can impact the future prospects of the market, along with the key indicators and trends. An attractiveness analysis has also been included for each segment and sub-segment, in order to provide a thorough understanding of the overall scenario in the IT spending market in Canada. Additionally, the report provides an overview of different strategies adopted by the key companies operating in the market.

The leading vendors in the market are Apple, Samsung Electronics, Dell, HP, Microsoft, Accenture, Oracle, SAP, Alphabet and IBM. Some other prominent vendors in the market are Capgemini, Acer, TATA Consultancy Services, Cognizant, Asus, Cisco Systems, Infosys, Lenovo and Symantec. The following vendors with a broad portfolio of services, solutions, and products will acquire strong positions in the IT spending market in South East Asia.

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This release was published on openPR.