Asia Pacific It Services Market Size & Outlook, 2023-2030
Asia Pacific it services market, 2017-2030 (US$M)
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Asia Pacific it services market highlights
- The Asia Pacific it services market generated a revenue of USD 364,599.3 million in 2023.
- The market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
- In terms of segment, reactive it services was the largest revenue generating approach in 2023.
- Proactive IT Services is the most lucrative approach 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 364,599.3 million |
| Market revenue in 2030 | USD 763,421.5 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Reactive it services |
| Fastest growing segment | Proactive IT Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reactive IT Services, Proactive IT Services |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, Microsoft Corp, Broadcom Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.9% of the global it 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 763,421.5 million by 2030.
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IT Services Market Scope
IT Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific it 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 it services market will help companies and investors design strategic landscapes.
Reactive it services was the largest segment with a revenue share of 55.49% in 2023. Horizon Databook has segmented the Asia Pacific it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
Organizations in this region have effectively demonstrated the enhanced advantages of integrating technology at all levels of business and society for more connected, effective, and simplified operations. Furthermore, according to Equinix, Inc.'s 2022 Global Tech Trends Survey, governments in the Asia Pacific are undertaking progressive digitalization strategies in their territories to boost their digital economies.
For instance, in May 2021, The Australian Government unveiled its Digital Economy Strategy, a USD 1.2 billion investment to ensure the country has the appropriate policy framework, infrastructure, and capability to support digital transformation.
The strategy highlights the measures and policies the government is implementing to position Australia as a contemporary and leading digital economy by 2030, building on its skills, infrastructure, laws, cyber security, and digital trade investments.
Reasons to subscribe to Asia Pacific it services market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific it services market databook
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Our clientele includes a mix of it services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific it services market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific it services market size, by country, 2017-2030 (US$M)
Asia Pacific IT Services Market Outlook Share, 2023 & 2030 (US$M)
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