APAC IT services market to be $55.9-b by 2011

APAC IT services market to be $55.9-b by 2011

India to remain the fastest growing IT services country in the region

Tuesday, March 25, 2008

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SYDNEY, AUSTRALIA: The IT services market in Asia Pacific (excluding Japan) will grow from $37.5 billion in 2007 to $55.9 billion in 2011, according to the 'Asia Pacific IT Services Market and Forecast 2006-2011' report by Springboard Research, IT market research firm.

According to the report, the Indian IT services market with a CAGR of 18.6 per cent will remain the fastest growing in the region, although as a region China will offer the largest market opportunity in dollar terms at the end of the forecast period.

"The Asia Pacific IT Services market is arguably the global leader in terms of growth, supplemented with a mix of mature and emerging markets," said Phil Hassey, vice president – Services Research at Springboard Research.

"The markets of interest are not just the top four – China, India, Australia and Korea – but the emerging ones like Indonesia and Vietnam, which will register significant growth going forward."

Application hosting with a CAGR of 19.5 per cent between 2007 and 2011, will register the fastest growth during the forecast period, although enterprise application integration at $ 7.8 billion will continue to be the largest component of the market by 2011, the report said.

While Enterprise IT Outsourcing is the largest market in 2007, the reluctance of PRC firms to use the Enterprise IT Outsourcing model will reduce its relative size and weighting in the market by 2011.

©CyberMedia News

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