ASEAN IT Markets, 2012 To 2013: The Next Frontier To Growth

The ASEAN3 countries (Malaysia, Indonesia, and the Philippines) represent 78% of the IT spending of the ASEAN countries excluding Singapore. Indonesia and the Philippines will experience dynamic growth through 2016, while Malaysia will suffer from slower than expected growth due to the combination of high exposure to developed markets as well as political gridlock, which will weigh on business confidence. Companies in the financial services and telecom sectors are investing to modernize their IT systems in order to better compete at the regional and global levels. These trends will boost the growth of tech spending in the region. Forrester also expects markets like Indonesia and Malaysia to take a fresh look at outsourcing services to help them accelerate the maturation process of their IT processes, tools, and skills. IT service providers will help these companies leverage cloud-based delivery models as part of these relationships. This report dives into the Forrsights Budgets And Priorities Tracker Survey, Q2 2012, which included more than 400 IT and business decision-makers in the ASEAN3 countries and presents the main characteristics of IT spending and buying behaviors there.