Other IT Services - Asia

Asia

The Other IT Services market in Asia is projected to experience substantial growth in the coming years.
According to forecasts, the market's revenue is expected to reach US$84.66bn by 2024.
This represents a significant increase in revenue for the region.
Furthermore, it is anticipated that the market will continue to grow at an annual rate of 4.14% from 2024 to 2029.
This steady growth is expected to result in a market volume of US$103.70bn by 2029.
This indicates a strong and promising future for the Other IT Services market in Asia.
When it comes to the average Spend per Employee in the Other IT Services market, it is projected to reach US$40.30 by 2024.
This figure highlights the financial investment made by businesses in the region to enhance their IT capabilities and infrastructure.
In terms of global comparison, it is worth noting that United States is expected to generate the highest revenue in the Other IT Services market.
In 2024 alone, it is estimated that United States will generate US$151.10bn.
This demonstrates the dominance and significance of the US market in the global IT industry.
Overall, the Other IT Services market in Asia is poised for substantial growth, with impressive revenue projections and a promising CAGR.
The region's investment in IT services and infrastructure is evident, and it is set to become a major player in the global IT market.
In Asia, the demand for Other IT Services is booming in countries like India, with a growing number of startups and digital transformation initiatives driving the market.

Key regions: China, United Kingdom, Germany, Netherlands, India

Market

Region

Region comparison

Currency

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.