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Tech spend will continue to increase over the next five years, with the highest growth concentrated in India and the rest of Southeast Asia SINGAPORE, June 7, 2023 /PRNewswire/ According to Forrester's(Nasdaq: FORR) Asia Pacific Tech Market Forecast, 2022 To 2027, technology spend in Asia Pacific (APAC) will grow 5.8% to reach US$732 billion in 2023. Seventy-four percent of growth will come from software and services as cloud adoption in the region increases. Additionally, software spending will continue to rise at a compound annual growth rate of 10.3% through 2027. In spite ofchallenges including fragile post-pandemic supply chains; a shortage of science, technology, and engineering workers; and questions around how quickly China can restart its economy, APAC tech spend will continue to grow by 6.8% to 7.3% per year from 2024 to 2027. In 2023, Forrester projects regional tech spend growth to be: 6.3% in Australia.In 2023, tech spending in Australia will rise to nearly A$70 billi ....

Republic Of , Leslie Joseph , Asia Pacific , Asia Pacific Tech Market Forecast , Silicon Valley , Southeast Asian , Forrester Wave , Tech Spend Will Continue To Increase Over The Next Five Years , Ith The Highest Growth Concentrated In India And Rest Of Southeast Asia Singapore , Une 7 , 023 Prnewswire According To Forrester 39s Nasdaq Forr Asia Pacific Tech Market Forecast , 022 To 2027 , Echnology Spend In Asia Pacific Apac Will Grow 5 8 To Reach Us 732 Billion 2023 Seventy Four Percent Of Growth Come From Software And Services As Cloud Adoption The Region Increases Additionally , Oftware Spending Will Continue To Rise Ata Compound Annual Growth Rate Of 10 3 Through 2027 In Spite Ofchallenges Including Fragile Post Pandemic Supply Chainsa Shortage Science , Nd Engineering Workers And Questions Around How Quickly China Can Restart Its Economy , Pac Tech Spend Will Continue To Grow By 6 8 7 3 Per Year From 2024 2027 In 2023 , Orrester Projects Regional Tech Spend Growth To Be 6 3 In Australia 2023 , Ech Spending In Australia Will Rise To Nearlya 70 Billion Renewed Sustainability Efforts And The Local Services Economy Strongly Influence 39s 2023 Tech Spend Digital Growth 7 4 China Forrester Estimates That Grow Hit 1 Trillion Technology Innovation Playa Key Role Industrial Modernization , Nd Generative Ai Will Catalyze Tech Investments In All Major Industries 10 1 India Spending Growth Be The Highest Region And Is Expected To Reach 3 9 Trillion 2023 Strong Government Support For Ongoing Digitalization Efforts Continue Impact Buildinga National Digital Infrastructure 4 6 Singapore , Ech Spending In Singapore Will Hits 22 17 Billion Quot The Silicon Valley Of Asia Continues To Bea Stable Regional Hub For Technology Talent And Innovation , Ith The Government Allocating High Level Budgets Toward Innovation Initiatives 7 9 In Rest Of Southeast Asia 2023 , Ech Spending In The Five Major Southeast Asian Economies Indonesia , The Philippines , Nd Malaysia Will Approach Us 47 Billion , With Indonesia , Nd The Philippines Having Highest Growth Rates Of 9 3 ,