Asia Pacific Business Software And Services Market Size & Outlook
Asia Pacific business software and services market, 2018-2030 (US$M)
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Asia Pacific business software and services market highlights
- The Asia Pacific business software and services market generated a revenue of USD 111.5 million in 2023.
- The market is expected to grow at a CAGR of 12.9% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 111.5 million |
| Market revenue in 2030 | USD 260.1 million |
| Growth rate | 12.9% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | EQT AB Ordinary Shares, Roper Technologies Inc, Epicor Software (Formerly Solarsoft Business Systems), International Business Machines Corp, Infor, Oracle Corp, Microsoft Corp, SAP SE ADR, Totvs SA ADR, SYSPRO |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.2% of the global business software and services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 260.1 million by 2030.
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Business Software And Services Market Scope
Business Software And Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific business software and services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to business software and services market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 69.96% in 2023. Horizon Databook has segmented the Asia Pacific business software and services market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
In Asia Pacific, various governments are encouraging software companies to design and develop Free and Open-Source Software (FOSS) for SaaS, mobile applications, and Service Oriented Architecture (SOA). Such initiatives are expected to promote the development of new business software and services.
The rapid increase in the number of Small- and Medium-sized Enterprises (SMEs) in India, coupled with the growing focus of these SMEs on implementing next generation technologies is expected to drive the growth of the business software and services market in Asia Pacific over the forecast period.
India is one of the largest pools of data analyst professionals in the world. An expanding IT industry within the country, along with the abundant availability of qualified and cost-effective human resource is enabling rapid and cost-effective deployment of business software and services.
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Our clientele includes a mix of business software and services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific business software and services market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific business software and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific business software and services market size, by country, 2018-2030 (US$M)
Asia Pacific Business Software And Services Market Outlook Share, 2023 & 2030 (US$M)
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