KUALA LUMPUR: Spending on IT services within the Asia-Pacific region will grow at a compound annual growth rate of 6.6% during the next four years to hit US$205 billion by 2015, says Australia-based Ovum.
In a statement Wednesday, June 15, Ovum said a new survey, Global Market Trends 2010: IT Services Forecasts found that although the Asia-Pacific region suffered slightly during the recession the market was rebounding, with growth likely to top 9% in 2015.
Ovum Market Intelligence senior analyst Hansa Iyengar said enterprise customers throughout the region who had curtailed spending and put many transformative projects on the back-burner during the downturn had started investing for growth again.
'A large proportion of the growth will be driven by applications and consulting engagements with enterprises aiming to upgrade, transform, and modernise their IT environments in order to support the rapid expansion being experienced in the majority of the region's economies,' said Iyengar.
Meanwhile, Fujitsu retained its number one position among the top 30 IT services vendors in the region in terms of IT services revenue in 2010, with a market share of 13.9%.
Ovum said global vendors continued to be major representatives in most markets across the region, with the exception of Japan, which is still dominated by the large domestic providers.
This highlights the fact that there still exists a 'home-bred' tendency, but with an increasing desire to learn and engage with established global providers to support enterprises' expansionary plans, it said.
Many of the regional and local players continue to display strong growth in core areas of expertise and industry-specific offerings, especially in areas such as mining, financial services and telecommunications, it said.
Ovum IT Services principal analyst Jens Butler said a key trend was the growth in leveraging consulting services to define and align strategic plans and longer-term operational roadmaps, prior to committing to multi-year strategic engagements.
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In a statement Wednesday, June 15, Ovum said a new survey, Global Market Trends 2010: IT Services Forecasts found that although the Asia-Pacific region suffered slightly during the recession the market was rebounding, with growth likely to top 9% in 2015.
Ovum Market Intelligence senior analyst Hansa Iyengar said enterprise customers throughout the region who had curtailed spending and put many transformative projects on the back-burner during the downturn had started investing for growth again.
'A large proportion of the growth will be driven by applications and consulting engagements with enterprises aiming to upgrade, transform, and modernise their IT environments in order to support the rapid expansion being experienced in the majority of the region's economies,' said Iyengar.
Meanwhile, Fujitsu retained its number one position among the top 30 IT services vendors in the region in terms of IT services revenue in 2010, with a market share of 13.9%.
Ovum said global vendors continued to be major representatives in most markets across the region, with the exception of Japan, which is still dominated by the large domestic providers.
This highlights the fact that there still exists a 'home-bred' tendency, but with an increasing desire to learn and engage with established global providers to support enterprises' expansionary plans, it said.
Many of the regional and local players continue to display strong growth in core areas of expertise and industry-specific offerings, especially in areas such as mining, financial services and telecommunications, it said.
Ovum IT Services principal analyst Jens Butler said a key trend was the growth in leveraging consulting services to define and align strategic plans and longer-term operational roadmaps, prior to committing to multi-year strategic engagements.
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