Asia IT Services Market Report 2017

NEW YORK, June 12, 2017 /PRNewswire/ -- The information technology services industry breaks down into software and BPO services, hardware support services and cloud services. Asia's IT services market accounts for almost one-fourth of the global IT services market. In recent years Asia had the highest growth in the IT services market and will remain the highest in terms of market growth in the foreseeable future.


Read the full report: http://www.reportlinker.com/p04897281/Asia-IT-Services-Market-Report.html



Expenditure on IT services in the region increased significantly over the past five years. According to The Economist Intelligence Unit (EIU), between 2010 and 2016 IT services spending in Asia doubled increasing from around $90 billion to over $140 billion in 2016.

Rapid growth in the IT services market in Asia is in line with the region's rapid economic growth. Key driversfor growth include the increasing preference of global corporations to outsource their internal functions to Asia and high demand for IT services such as cloud services and software services from manufacturing and services industries in this region. Rising desktop PC, internet and mobile phone penetration rates have also boosted demand for IT services in the region.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/asia-it-services-market-report-2017-300471734.html

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