Written on Tuesday, March 25, 2008 by Gemini
India to remain the fastest growing IT Services country in the region, while Greater
The IT Services market in Asia Pacific (excluding Japan) will grow from US$37.5B in 2007 to US$55.9B in 2011, representing a compounded annual growth rate (CAGR) of 10.5% from 2006 to 2011, according to the ‘Asia Pacific IT Services Market and Forecast, 2006-2011’ report by Springboard Research, a leading innovator in the IT Market Research industry. According to the report, the Indian IT Services market with a CAGR of 18.6% will remain the fastest growing in the region, although as a region Greater 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 –
1. People’s Republic of
8. Rest of ASEAN
As part of the report’s overall assessment of the APEJ IT Services market, Springboard Research has several key outcomes and predictions for the industry in 2008. The report predicts that challenges in accessing and retaining IT Skills will accelerate the shift to external services providers, as enterprises will struggle to retain in-house key individuals and skill sets. Also, China will not challenge India as the home of offshore service delivery especially for English language requirements – as skill levels, quality, culture and governance are all more suited to India being a hub of global delivery against the PRC.
About this report
Springboard Research ‘Asia Pacific IT Services Market and Forecast 2006-2011’ report offers an extensive and insightful perspective on IT Services market across Asia Pacific (excluding Japan) region. It outlines 15 individual IT Services markets – including Infrastructure Support, Desktop Management, Enterprise Application Integration and IT Outsourcing - and 15 countries with respect to market size, key players and growth dynamics and forecasts demand and growth for each of them. The report also contains predictions for the IT Services industry for 2008.
About Springboard Research
Springboard Research is a next-generation IT market research and advisory firm. Springboard leverages its pioneering research model to deliver greater agility and flexibility in IT market research and helps its clients lead rather than follow market trends. Springboard works with the leading IT companies in the world in the software, services, telecommunications and hardware sectors. Founded in 2004, Springboard has a worldwide presence with offices in the