Southeast Asia IT Services Market Forecast, 2022–2026

Southeast Asia IT Services Market Forecast, 2022–2026

This IDC’s Southeast Asia IT Services Market Forecast details the 2022–2026 market size and growth rate for the IT services market of the Southeast Asia subregion. As part of the macromarket view, the study examines the IT services market as three primary markets (project-oriented services, managed services, and support services), which are then further dissected to 12 foundation markets. Further, the study provides country-level view of the IT services market size and growth, covering the six major countries that make up the Southeast Asia subregion. The countries include Singapore, Malaysia, Thailand, Indonesia, Philippines, and Vietnam. The Market Forecast section provides a variety of quantitative data as well as qualitative commentary for each of these views. Additional focus was also given to the changes in the growth rates between the IDC Semiannual Services Tracker — Forecast 1H21 that was published in October 2021 and the current forecast, which was derived from the IDC Semiannual Services Tracker — Forecast 2H21, published in April 2022. In addition, because exchange rate volatility can have a significant effect on the 2021 growth rates, constant currency growth rates are used. “After experiencing a dramatically reduced growth due to the COVID-19 pandemic, the Southeast Asia IT services market is primed to bounce back and chart a steady growth to reach double-digit figures that were common in the region, pre-pandemic,” says James Sivalingam, research manager, IDC Asia/Pacific, Services program. “On the country level, the growth rate improvement is mostly lead by emerging markets, such as Indonesia, the Philippines, and Vietnam, as well as the mature Singapore market. Meanwhile, Thailand and Malaysia’s market recovery is relatively restrained compared with their regional peers.”

Please Note: Extended description available upon request.