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Tech spend will continue to increase over the next five years, with the highest growth concentrated in India and the rest of Southeast Asia SINGAPORE, June 7, 2023 /PRNewswire/ According to Forrester's(Nasdaq: FORR) Asia Pacific Tech Market Forecast, 2022 To 2027, technology spend in Asia Pacific (APAC) will grow 5.8% to reach US$732 billion in 2023. Seventy-four percent of growth will come from software and services as cloud adoption in the region increases. Additionally, software spending will continue to rise at a compound annual growth rate of 10.3% through 2027. In spite ofchallenges including fragile post-pandemic supply chains; a shortage of science, technology, and engineering workers; and questions around how quickly China can restart its economy, APAC tech spend will continue to grow by 6.8% to 7.3% per year from 2024 to 2027. In 2023, Forrester projects regional tech spend growth to be: 6.3% in Australia.In 2023, tech spending in Australia will rise to nearly A$70 billi

Republic ofLeslie josephAsia pacificAsia pacific tech market forecastSilicon valleySoutheast asianForrester waveTech spend will continue to increase over the next five yearsIth the highest growth concentrated in india and rest of southeast asia singaporeUne 7023 prnewswire according to forrester 39s nasdaq forr asia pacific tech market forecast022 to 2027Echnology spend in asia pacific apac will grow 5 8 to reach us 732 billion 2023 seventy four percent of growth come from software and services as cloud adoption the region increases additionallyOftware spending will continue to rise ata compound annual growth rate of 10 3 through 2027 in spite ofchallenges including fragile post pandemic supply chainsa shortage scienceNd engineering workers and questions around how quickly china can restart its economyPac tech spend will continue to grow by 6 8 7 3 per year from 2024 2027 in 2023