Even though of the looming economic slsowdown across Asia Pacific, International Data Corporation or IDC said that the Information Technology services market would remain healthy. The Information Technology services market would grow to US $49.4 billion by 2009.
The IDC’s optimistic forecast was brought primarily by continued demand for managed services and outsourcing.
The cost management is a key focus for the organiztion in the Asia Pacific region. The region’s stronger resistance to the global slowdown that is being helped by double digit growth of the Information Technology services in the developing markets, especially in India and China. The Philippines, Thailand and Vietnam are contibuting to the growth.
The overall growth of Information Technology services for 2009 in the Asia Pacific is at 9.6 percent compared to the earlier forecast of 11.2 percent in 2007. In the Information Technology services market in 2008-2009, the revised forecast indicates growth of US $2 billion for the Information Technology services market in 2008-2009.
For the Asia Pacific Information services market between 2008 and 2012 the IDC forecasted lower growth of US $6.5 billion. The Asia Pacific Information Technology services would hold up to the challenging economic conditions based on the IDC Associate Research Director for Asia/Pacific Information Technology services market. In the previous IDC economic impact poll. About the 12 percent of 400 organizations surveyed said that they would increase spending on managed or outsourced service in 2009.
To be viewed from a number of perspectives, the impact on the services. There is a point in here, the opportunities will be created. It highlight opportunities that exist in the service space in 2009. The vendors need to be proactive in pursuing it. The IDC Expects that the impact of the crisis on Information Technology services to alter across the various services lines, countries and verticals. They also expects that the opportunities to arise in the managed services space as organizations move assets off their books.
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