Singapore and Hong Kong, February 24, 2015 – IT investments of the Asia Pacific excluding Japan (APEJ) government sector will increase from US$25.4 billion in 2014 to US$32.5 billion in 2018 with a five-year compound annual growth rate (CAGR) of 6.2%, forecasts IDC Government Insights.
Some key observations from the latest IDC Government Insights Pivot Table include:
- The overall year-over-year (YoY) IT spending growth in 2015 for the APEJ public sector is anticipated to grow at 5.9%, which indicates both a more cautious as well as maturing APEJ public sector IT spending landscape. This is because the APEJ public sector will be increasingly focused on consolidating and streamlining of scarce ICT resources, attaining better manageability tools for effective decision making, and addressing the urgent need to increase cybersecurity priorities of digital assets
- 2015 will be the year the overall hardware spending is surpassed in absolute numbers by overall IT services spending for the APEJ public sector. The Association of Southeast Asian Nations (ASEAN) member-countries leading this transition include Malaysia, the Philippines, and Thailand, indicating more established domestic ICT landscapes
- Together, public sectors in Australia, the PRC, India, Singapore, and South Korea are forecasted to spend over US$1 billion on IT spending in 2015. As a group, they represent 82% of the entire APEJ public sector IT spending
About IDC Government Insights
IDC Government Insights assists government policy, program, and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of government and IT industry experience, our global research analyzes and advises on business and technology issues facing the Federal/Central and local/provincial Governments. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-gi.com, email info@idc-gi.com, or call 571.296.8060. Visit the IDC Government Insights Community at http://idc-insights-community.com/government.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 50 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world’s leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.