ICT spending to increase by 9.3% in 2021 in Asia Pacific: IDC

Asia Pacific ICT Spending, including IT spending in addition to telecom services and new technologies such as AI, Robotics, Cloud, Analytics, and IoT, will increase by 9.3 percent in 2021 to reach $1.3 trillion, IDC said.
Dollar spending on technologyOrganizations across Asia Pacific have accelerated their investment in new technologies to rapidly adapt and respond to business disruptions, thus driving this growth. At the same time, 2nd Platform technologies, including non-mobile, on-premise, and those that lack specific functionalities associated with other new technologies, were either constant or declining.

“The future of organizations now heavily depends on technology investments made within the last year to either sustain or evolve as a company,” says Mario Allen Clement, Senior Market Analyst at IDC IT Spending Guides, Customer Insights & Analysis.

IDC’s 2021 Future Enterprise Resiliency Survey, which track organizations’ journey to recovery, revealed that 40 percent of enterprise IT budget is now allocated to new initiatives or shifted from existing projects to address Covid-19 induced business changes. Most of these new initiatives are born on cloud and leverage analytics with other innovation accelerator technologies.

Investments in IoT, including hardware, software, and services, are expected to grow by 10.0 percent in 2021 and reach $441.9 billion by the end of the forecast period. These technology investments will drive implementations to accelerate the operational efficiency via use cases such as autonomic operations, production asset management, smart grid, freight monitoring, and omni-channel operations.

Investments in AI show the fastest growth of 30.1 percent in 2021 to reach $25.0 billion by 2025. These investments are mainly classified under customer satisfaction use cases such as automated customer service agents and sales process recommendation and automation.

Related News

Latest News

Latest News