The Asia Pacific IT Services Market would witness market growth of 9.2% CAGR during the forecast period (2022-2028).
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Over the past five years, the Indian IT software and service business has emerged as one of the fastest-growing sectors of the Indian economy, with a growth rate exceeding 50% in exports and 40% in the whole IT industry. The IT industry in other states of India, where high-quality infrastructure and skilled labor are available, has experienced accelerated growth and increased its share from 0.6% to 6% of the IT industry's total turnover in India over the past five years, primarily due to the ITES segment's robust growth. From Rs. 400 crores in 1999-2000 to Rs. 2,054 crores in 2000-01, the IT industry in Haryana has experienced a nearly fivefold increase in revenue.
The China market dominated the Asia Pacific IT Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $166.1 Billion by 2028.The Japan market is estimated to grow a CAGR of 8.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9.9% during (2022 - 2028).
Based on Type, the market is segmented into Managed Security Services, Security Outsourcing, IT Support, Systems & Network Implementations and Security Strategy & Planning. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Industry, the market is segmented into BFSI, Telecommunication, Healthcare, Retail, Manufacturing, Government and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide IT Services Market is Projected to reach USD 2013.6 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Accenture PLC, Tata Consultancy Services Ltd., Cognizant Technology Solutions Corporation, Wipro Limited, HCL Technologies Ltd. (HCL Enterprises), Capgemini SE, IBM Corporation, Infosys Limited, DXC Technology Company, and NTT Data Corporation.
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