IDC Forecasts Growth in Southeast Asia's IT Services Market

IDC Forecasts Growth in Southeast Asia's IT Services Market

The International Data Corporation (IDC) announced recently that, contrary to the volatility of the global market and economic uncertainty, it expects the industry in Southeast Asia to have another year of solid growth potential in the IT services market.

"2011 was a colorful year for the IT Services market in Southeast Asia; from Economic Transformation Programs in Malaysia to the inflation battle in Vietnam, from cloud advancements in Singapore to the PALAPA ring in Indonesia, from a transitioning government in Philippines to the flood waters in Thailand. These country-level activities, which are continuing into 2012, lead IDC to see key opportunities that will drive IT services growth across Southeast Asia," said Roger Ling, Research Manager for ASEAN Services Research Group, IDC Asia/Pacific.

In 2012, the Southeast Asia IT services market is forecasted to grow up to 12% in order to reach US$ 9.1 billion.

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