Live Breaking News & Updates on 023 Prnewswire According To Forrester 39s Nasdaq Forr Asia Pacific Tech Market Forecast

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 Of , Leslie Joseph , Asia Pacific , Asia Pacific Tech Market Forecast , Silicon Valley , Southeast Asian , Forrester Wave , Tech Spend Will Continue To Increase Over The Next Five Years , Ith The Highest Growth Concentrated In India And Rest Of Southeast Asia Singapore , Une 7 , 023 Prnewswire According To Forrester 39s Nasdaq Forr Asia Pacific Tech Market Forecast , 022 To 2027 , Echnology 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 Additionally , Oftware 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 Science , Nd Engineering Workers And Questions Around How Quickly China Can Restart Its Economy , Pac Tech Spend Will Continue To Grow By 6 8 7 3 Per Year From 2024 2027 In 2023 , Orrester Projects Regional Tech Spend Growth To Be 6 3 In Australia 2023 , Ech Spending In Australia Will Rise To Nearlya 70 Billion Renewed Sustainability Efforts And The Local Services Economy Strongly Influence 39s 2023 Tech Spend Digital Growth 7 4 China Forrester Estimates That Grow Hit 1 Trillion Technology Innovation Playa Key Role Industrial Modernization , Nd Generative Ai Will Catalyze Tech Investments In All Major Industries 10 1 India Spending Growth Be The Highest Region And Is Expected To Reach 3 9 Trillion 2023 Strong Government Support For Ongoing Digitalization Efforts Continue Impact Buildinga National Digital Infrastructure 4 6 Singapore , Ech Spending In Singapore Will Hits 22 17 Billion Quot The Silicon Valley Of Asia Continues To Bea Stable Regional Hub For Technology Talent And Innovation , Ith The Government Allocating High Level Budgets Toward Innovation Initiatives 7 9 In Rest Of Southeast Asia 2023 , Ech Spending In The Five Major Southeast Asian Economies Indonesia , The Philippines , Nd Malaysia Will Approach Us 47 Billion , With Indonesia , Nd The Philippines Having Highest Growth Rates Of 9 3 ,