Enhanced business sentiment in the Asia Pacific region except Japan, and encouraging signs of economic recovery within the region would spur growth in the infotech services mart during 2010. The 2009-2013 period is expected to see growth at a compound annual growth rate (CAGR) of 9.9 per cent and scale $59.4 billion by 2013. China and India are the two fast-growing IT services markets in the region, with the CAGR exceeding 13 per cent for 2008 till 2013.
Estimates by the IDC Asia/Pacific Semiannual IT Services Tracker say that the growth could also ride on three other key drivers, such as adoption of new technologies, impact of stimulus packages and continued investment in outsourcing and managed services, particularly in growth markets such as India.
The year 2009 was witness to chief investment officers (CIOs) seeing pressurize on extracting existing IT investments along with justifying the 'business value of IT. In such a scenario, vendors launched new virtualization products and associated services to help enterprises to transform their IT. This, in turn, saw virtual servers and virtual desktops, along with re-engineering of the storage infrastructure, become significant items on the CIOs' agenda, according to IDC.
By logging themselves into an arena where new technologies and services models of the likes of cloud computing and Web services came into play in a service-oriented architecture (SOA) environment, enterprises have started building flexible infrastructure so that they too can adopt to the changing environs. Capital expenditure has started giving way to operational expenditure model as a result of this phenomenon, aiding the growth factor.
Indian outsourcing market could be estimated to grow at over 20 per cent annually as rising costs drive organizations to outsource their non-core business functions. The advent of Remote Infrastructure Management services as a major tool to lower operational costs has turned utmost significant, and this would aid services to grow manifold, it is felt.
Estimates by the IDC Asia/Pacific Semiannual IT Services Tracker say that the growth could also ride on three other key drivers, such as adoption of new technologies, impact of stimulus packages and continued investment in outsourcing and managed services, particularly in growth markets such as India.
The year 2009 was witness to chief investment officers (CIOs) seeing pressurize on extracting existing IT investments along with justifying the 'business value of IT. In such a scenario, vendors launched new virtualization products and associated services to help enterprises to transform their IT. This, in turn, saw virtual servers and virtual desktops, along with re-engineering of the storage infrastructure, become significant items on the CIOs' agenda, according to IDC.
By logging themselves into an arena where new technologies and services models of the likes of cloud computing and Web services came into play in a service-oriented architecture (SOA) environment, enterprises have started building flexible infrastructure so that they too can adopt to the changing environs. Capital expenditure has started giving way to operational expenditure model as a result of this phenomenon, aiding the growth factor.
Indian outsourcing market could be estimated to grow at over 20 per cent annually as rising costs drive organizations to outsource their non-core business functions. The advent of Remote Infrastructure Management services as a major tool to lower operational costs has turned utmost significant, and this would aid services to grow manifold, it is felt.
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