APAC IT services market to be $55.9-b by 2011

Bangalore

March 26th, 2008

The IT services market in Asia Pacific (excluding Japan) will grow from $37.5
billion in 2007 to $55.9 billion in 2011, according to the 'Asia Pacific IT
Services Market and Forecast 2006-2011' report by Springboard Research, IT
market research firm.

According to the report, the Indian IT services market with a CAGR of 18.6
percent will remain the fastest growing in the region, although as a region
Greater China will offer the largest market opportunity in dollar terms at the
end of the forecast period.

"The Asia Pacific IT Services market is arguably the global leader in
terms of growth, supplemented with a mix of mature and emerging markets,"
said Phil Hassey, VP - Services Research at Springboard Research. "The
markets of interest are not just the top four - China, India, Australia and
Korea - but the emerging ones like Indonesia and Vietnam, which will register
significant growth going forward."

Application hosting with a CAGR of 19.5 per cent between 2007 and 2011, will
register the fastest growth during the forecast period, although enterprise
application integration at $ 7.8 billion will continue to be the largest
component of the market by 2011, the report said.

While Enterprise IT Outsourcing is the largest market in 2007, the reluctance
of PRC firms to use the Enterprise IT Outsourcing model will reduce its relative
size and weighting in the market by 2011.