IT Spending Market in South East Asia during Forecast 2017-2021 | Apple, Dell, HP, Samsung Electronics, Accenture
Overview of the IT spending market in South East Asia
Market research analysts at Technavio predict that the IT spending market in South East Asia will grow steadily at a CAGR of above 6% by 2021. This market research analysis identifies the increased adoption of mobility solutions as one of the primary factors for the growth of the IT spending market in South East Asia. Mobility plays a significant role in the uninterrupted data sharing process and also facilitates financial inclusion which enables individuals without access to a bank use m-commerce, mobile banking, and mobile money. This in turn, will increase the adoption of mobility solutions in this region. Additionally, the growth in urbanization in countries such as Indonesia and Malaysia will also drive the adoption of mobility solutions. This 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.
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The increased adoption of BYOD policy is one of the major trends that will gain traction in the IT spending market in South East Asia during the next few years. To offer a cost-effective solution and provide mobility to employees and enhance productivity, enterprises in this region are increasingly adopting BYOD programs. This will help companies lower their IT costs by reducing the capital expenditure and improving efficiency. Singapore and Malaysia are currently the leading adopters of the BYOD program in South East Asia.
Competitive landscape and key vendors
The market is characterized by the presence of a considerable number of vendors. To gain a competitive edge, companies in this region are increasingly opting for the automation of processes and this will in turn, intensify the level of competition among the players in this marketspace. Vendors with a broad portfolio of services, solutions, and products will acquire strong positions in the IT spending market in South East Asia.
The leading vendors in the market are -
- Samsung Electronics
The other prominent vendors in the market are Acer, Asus, Capgemini, Cisco Systems, Cognizant, Infosys, Lenovo, TATA Consultancy Services, and Symantec.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global MPMS market?
- What are the key market trends impacting the growth of the global MPMS market?
- What are the challenges to market growth?
- Who are the key vendors in the global MPMS market?
- What are the market opportunities and threats faced by the vendors in the global MPMS market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global MPMS market?
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