IT Spending Market Size in Southeast Asia to grow by USD 33.97 Trillion, Hardware Segment to be Significant for Revenue Generation - Technavio

NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The IT Spending Market In Southeast Asia by Type (Hardware, Services, and Software) and Geography (Malaysia, Singapore, Thailand, Indonesia, and Rest of Southeast Asia) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The IT spending market share in Southeast Asia is expected to increase to USD 33.97 trillion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.4%. The IT spending market in Southeast Asia's share growth by the hardware segment will be significant for revenue generation. With the rapid growth in the use of mobile devices, such as smartphones and tablets, the hardware segment is expected to grow at a steady rate during the forecast period. Moreover, the increasing adoption of VoLTE and 4G standards by network providers have made consumers upgrade their phones, causing an increase in the demand for phones equipped with VoLTE and 4G. Several telecommunication operators are making significant investments in 4G and 5G infrastructure. These factors will influence the growth of the Southeast Asia IT spending market in the hardware segment during the forecast period.

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IT Spending Market In Southeast Asia  - Key Market Dynamics
Major Driver
  • The increased adoption of mobility solutions in Southeast Asia is one of the key drivers supporting the Southeast Asia IT spending market growth. 
  • Mobility enables e-government initiatives to be successful in tier II or tier III cities and in rural areas that lack IT infrastructure and Internet access. Moreover, using mobility financial inclusion can be achieved, and people without access to a bank can use m-commerce, mobile banking, and mobile money.
  • Furthermore, the growing urbanization is expected to drive mobility growth in Indonesia and Malaysia. IT services and software development centers are highly required with the increasing mobility associated with urbanization. Such factors are expected to propel the growth of the Southeast Asia IT spending market during the forecast period. 
Major Challenges
  • Lack of skilled talent and retention of the talent pool is one of the factors impeding the Southeast Asia IT spending market growth. 
  • One of the key challenges being faced by the IT spending market is to avoid losing key competencies, especially when companies are feeling the heat of a meltdown or making strategic divestitures. It could be a difficult task to acquire and retain key employees in outsourcing destinations such as Malaysia and other Southeast Asian countries because destinations, such as India, China, the US, and Canada, have competitive pay scales.
  • However, many vendors in mature service delivery locations, such as India and the Philippines, have begun to face scale limitations. These locations have enormous availability of labor but lack the quality and skill set required to fulfill IT processes on a large scale. This, in turn, will impede the Southeast Asia IT spending market growth during the forecast period.

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IT Spending Market In Southeast Asia - Vendor Analysis

The IT spending market in Southeast Asia is fragmented and the vendors are deploying growth strategies such as continuously investing in R&D to advance their offerings and increase their consumer base to compete in the market.      

    • Accenture Plc
    • Acer Inc.
    • Alphabet Inc.
    • Apple Inc.
    • ASUSTeK Computer Inc.
    • Broadcom Inc.
    • Capgemini Service SAS
    • Cisco Systems Inc.
    • Cognizant Technology Solutions Corp.
    • Dell Technologies Inc.
    • HCL Technologies Ltd.
    • Hewlett Packard Enterprise Co.
    • Infosys Ltd.
    • International Business Machines Corp.
    • Lenovo Group Ltd.
    • Microsoft Corp.
    • Oracle Corp.
    • Samsung Electronics Co. Ltd.
    • SAP SE
    • Tata Consultancy Services Ltd.
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The competitive scenario provided in the IT Spending Market In Southeast Asia report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our IT Spending Market In Southeast Asia Forecast Report -  Buy Now!

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IT Spending Market In Southeast Asia Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.4%

Market growth 2022-2026

33.97 USD Trillion

Market structure

Fragmented

YoY growth (%)

7.78

Performing market contribution

Southeast Asia at 100%

Key consumer countries

Malaysia, Singapore, Thailand, Indonesia, and the Rest of Southeast Asia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Acer Inc., Alphabet Inc., Apple Inc., ASUSTeK Computer Inc., Broadcom Inc., Capgemini Service SAS, Cisco Systems Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., Oracle Corp., Samsung Electronics Co. Ltd., SAP SE, and Tata Consultancy Services Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

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Key Topics Covered:

1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market Definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Southeast Asia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 14: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Chart on Southeast Asia: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on the Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart of Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

  • 5.1 Market segments
    • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
  • 5.2 Comparison by Type
    • Exhibit 26: Chart on Comparison by Type
    • Exhibit 27: Data Table on Comparison by Type
  • 5.3 Hardware - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Hardware - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on Hardware - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on Hardware - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Hardware - Year-over-year growth 2021-2026 (%)
  • 5.4 Services - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
  • 5.5 Software - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Software - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 37: Data Table on Software - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 38: Chart on Software - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Software - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Type
    • Exhibit 40: Market opportunity by Type ($ billion)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 42: Chart on Market share by geography - 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography - 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 Malaysia - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Malaysia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 47: Data Table on Malaysia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 48: Chart on Malaysia - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Malaysia - Year-over-year growth 2021-2026 (%)
  • 7.4 Singapore - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Singapore - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on Singapore - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on Singapore - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Singapore - Year-over-year growth 2021-2026 (%)
  • 7.5 Thailand - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Thailand - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on Thailand - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on Thailand - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Thailand - Year-over-year growth 2021-2026 (%)
  • 7.6 Indonesia - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Indonesia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on Indonesia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on Indonesia - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Indonesia - Year-over-year growth 2021-2026 (%)
  • 7.7 Rest of Southeast Asia - Market size and forecast 2021-2026
    • Exhibit 62: Chart on Rest of Southeast Asia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on Rest of Southeast Asia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on Rest of Southeast Asia - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Rest of Southeast Asia - Year-over-year growth 2021-2026 (%)
  • 7.8 Market opportunity by geography
    • Exhibit 66: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 67: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 68: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 69: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 70: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 71: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 72: Matrix on vendor position and classification
  • 10.3 Accenture Plc
    • Exhibit 73: Accenture Plc - Overview
    • Exhibit 74: Accenture Plc - Business segments
    • Exhibit 75: Accenture Plc - Key news
    • Exhibit 76: Accenture Plc - Key offerings
    • Exhibit 77: Accenture Plc - Segment focus
  • 10.4 Alphabet Inc.
    • Exhibit 78: Alphabet Inc. - Overview
    • Exhibit 79: Alphabet Inc. - Business segments
    • Exhibit 80: Alphabet Inc. - Key news
    • Exhibit 81: Alphabet Inc. - Key offerings
    • Exhibit 82: Alphabet Inc. - Segment focus
  • 10.5 Apple Inc.
    • Exhibit 83: Apple Inc. - Overview
    • Exhibit 84: Apple Inc. - Business segments
    • Exhibit 85: Apple Inc. - Key news
    • Exhibit 86: Apple Inc. - Key offerings
    • Exhibit 87: Apple Inc. - Segment focus
  • 10.6 Dell Technologies Inc.
    • Exhibit 88: Dell Technologies Inc. - Overview
    • Exhibit 89: Dell Technologies Inc. - Business segments
    • Exhibit 90: Dell Technologies Inc. - Key news
    • Exhibit 91: Dell Technologies Inc. - Key offerings
    • Exhibit 92: Dell Technologies Inc. - Segment focus
  • 10.7 Hewlett Packard Enterprise Co.
    • Exhibit 93: Hewlett Packard Enterprise Co. - Overview
    • Exhibit 94: Hewlett Packard Enterprise Co. - Business segments
    • Exhibit 95: Hewlett Packard Enterprise Co. - Key news
    • Exhibit 96: Hewlett Packard Enterprise Co. - Key offerings
    • Exhibit 97: Hewlett Packard Enterprise Co. - Segment focus
  • 10.8 International Business Machines Corp.
    • Exhibit 98: International Business Machines Corp. - Overview
    • Exhibit 99: International Business Machines Corp. - Business segments
    • Exhibit 100: International Business Machines Corp. - Key offerings
    • Exhibit 101: International Business Machines Corp. - Segment focus
  • 10.9 Microsoft Corp.
    • Exhibit 102: Microsoft Corp. - Overview
    • Exhibit 103: Microsoft Corp. - Business segments
    • Exhibit 104: Microsoft Corp. - Key news
    • Exhibit 105: Microsoft Corp. - Key offerings
    • Exhibit 106: Microsoft Corp. - Segment focus
  • 10.10 Oracle Corp.
    • Exhibit 107: Oracle Corp. - Overview
    • Exhibit 108: Oracle Corp. - Business segments
    • Exhibit 109: Oracle Corp. - Key news
    • Exhibit 110: Oracle Corp. - Key offerings
    • Exhibit 111: Oracle Corp. - Segment focus
  • 10.11 Samsung Electronics Co. Ltd.
    • Exhibit 112: Samsung Electronics Co. Ltd. - Overview
    • Exhibit 113: Samsung Electronics Co. Ltd. - Business segments
    • Exhibit 114: Samsung Electronics Co. Ltd. - Key news
    • Exhibit 115: Samsung Electronics Co. Ltd. - Key offerings
    • Exhibit 116: Samsung Electronics Co. Ltd. - Segment focus
  • 10.12 SAP SE
    • Exhibit 117: SAP SE - Overview
    • Exhibit 118: SAP SE - Business segments
    • Exhibit 119: SAP SE - Key news
    • Exhibit 120: SAP SE - Key offerings
    • Exhibit 121: SAP SE - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 122: Inclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 123: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 124: Research methodology
    • Exhibit 125: Validation techniques employed for market sizing
    • Exhibit 126: Information sources
  • 11.5 List of abbreviations
    • Exhibit 127: List of abbreviations
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