IT Consulting & Implementation - ASEAN

  • ASEAN
  • Revenue in the IT Consulting & Implementation market is projected to reach US$1.59bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.02%, resulting in a market volume of US$2.13bn by 2029.
  • The average Spend per Employee in the IT Consulting & Implementation market is projected to reach US$4.59 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$27,220.00m in 2024).

Key regions: Brazil, Netherlands, Spain, Italy, Japan

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The IT Consulting & Implementation market in ASEAN has been experiencing steady growth over the past few years, driven by the increasing demand for digital transformation and the need for businesses to remain competitive in the global market.

Customer preferences:
Customers in ASEAN are increasingly looking for IT consulting and implementation services that are tailored to their specific needs. They are seeking solutions that are cost-effective, scalable, and can be implemented quickly. Additionally, customers are looking for providers that can offer end-to-end services, from consulting to implementation and ongoing support.

Trends in the market:
One trend that is driving the growth of the IT consulting and implementation market in ASEAN is the increasing adoption of cloud-based solutions. Cloud-based solutions offer businesses a range of benefits, including cost savings, scalability, and flexibility. Additionally, the rise of artificial intelligence (AI) and machine learning (ML) is driving demand for IT consulting and implementation services that can help businesses leverage these technologies to gain a competitive advantage.

Local special circumstances:
One of the key factors that is driving the growth of the IT consulting and implementation market in ASEAN is the increasing focus on digital transformation by governments and businesses in the region. Governments across ASEAN are investing heavily in digital infrastructure, with initiatives such as the Digital ASEAN initiative and the ASEAN Smart Cities Network. Additionally, the region's growing middle class is driving demand for digital solutions and services, particularly in areas such as e-commerce and mobile payments.

Underlying macroeconomic factors:
The IT consulting and implementation market in ASEAN is also being driven by a range of macroeconomic factors. These include the region's strong economic growth, which is driving demand for IT solutions and services to support business expansion. Additionally, the region's young and tech-savvy population is driving demand for digital solutions and services, particularly in areas such as social media, mobile devices, and e-commerce. Finally, the increasing focus on innovation and entrepreneurship in ASEAN is creating new opportunities for IT consulting and implementation providers to work with startups and small businesses to drive growth and innovation.

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)