Asia-Pacific Business Software and Services Market Size, Growth Analysis Report, Forecast to 2021-2027

Asia-Pacific business software and services market is anticipated to grow at a CAGR of nearly 12.5% during the forecast period (2021-2027). The major factors contributing to the growth of the market include the surge in the adoption of cloud-based and mobile applications. Further, an increase in technological innovations in the region is expected to drive market growth. However, high installation costs and the availability of a less-skilled workforce are expected to hamper the growth of the market during the forecast period.

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The major cause for the increase in the adoption of cloud-based services is the reduction of the IT infrastructure costs of the enterprise to a certain extent. Additionally, mobile has become an important part of the work culture. Thus, there is an opportunity for enterprises to invest in cloud-connected mobile applications as they allow access to an individual anytime, and anywhere. Therefore, cloud-based solutions support organizations to maintain work-life balance and in turn increases the productivity of employees. Thus, the cloud segment is anticipated to grow at a significant CAGR during the forecast period.

A Full Report of Asia-Pacific Business Software and Services Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-business-software-and-services-market

Key companies across the globe are highly inclined towards the adoption of different growth strategies including capacity expansion, R&D investments, partnerships and collaborations, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance, in October 2020, Wipro Ltd. declared its intention to expand its IBM Hybrid Cloud Practice. Led by technical experts from both organizations, the practice is expected to support Wipro customers to advance their digital operations across hybrid cloud environments by accelerating IBM Cloud Paks, containerized software running on Red Hat OpenShift. Wipro’s IBM Hybrid Cloud Practice unit will support customers to innovate at scale by leveraging Wipro solutions including ModernizR and BoundaryLess Enterprise (BLE). Both of these solutions were built with IBM Cloud Paks on Red Hat OpenShift and can run in any cloud environment, including the IBM public cloud.

Key Questions Addressed by the Report

What is the market growth rate?
Which segment dominates the market in the base year?
Which segment will project the fastest growth in the market?
How COVID-19 impacted the market?

? Deviation from the pre-COVID-19 forecast

? Most affected segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Asia-Pacific Business Software and Services Market Report Segment

By Software

Finance
Human Resource
Sales and Marketing
Supply Chain

By Service

Consultancy Services
Maintenance & Operational Services
Managed Services

By Deployment Model

On-Premise
Cloud

By Size

Small and Medium Enterprises
Large Enterprises

By End-User

Aerospace and Defense
BFSI
Government
Healthcare IT and Telecom
Manufacturing
Retail
Transportation

Asia-Pacific Business Software and Services Market Report Segment By Region

China
India
Japan
South Korea
Rest of Asia-Pacific

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