Asia Pacific IT Services Market Size, Share & Industry Trends Analysis Report By Type, By Enterprise Size, By Industry (BFSI, Telecommunication, Healthcare, Retail, Manufacturing, Government), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific IT Services Market would witness market growth of 9.2% CAGR during the forecast period (2022-2028).
The cloud is essentially an online platform that allows for the storage and access of data and software. More and more people are using cloud services for purposes other than just data storage. They are excellent in terms of performance and efficiency as well as being affordable and economical. Cloud services offer convenient on-the-go access to anything consumers require.
Additionally, the implemented access control and security measures are more effective than actual storage spaces. Additionally, cloud services enable staff to participate in meetings and work on projects from any place, which is very helpful if users employ remote staff or have various sites where they conduct business.
In the present era, social media is a vital tool for any business or organization looking to expand. It seems to be very easy and simple to use social networking. However, it will take a lot more work and effort if the user wants to release and utilize the power of social media to advance business.
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.
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.
Scope of the Study
Market Segments Covered in the Report:
- Managed Security Services
- Security Outsourcing
- IT Support
- Systems & Network Implementations
- Security Strategy & Planning
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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
- NTT Data Corporation
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