Forecast Report

Asia Pacific Tech Market Outlook By Country For 2021 And 2022

A Mixed Recovery Landscape In 2021 Will Produce 6.2% Growth In 2022

February 7th, 2022
Frederic Giron, VP, Senior Research Director
Frederic Giron VP, Senior Research Director
With contributors:
Michael O'Grady , Matthew Guarini , Nancy Lin , Tianchen Feng , Bill Nagel

Summary

While economies across Asia Pacific (APAC) expected to recover in 2021 as the public health situation improved, results were mixed. Tech spending in countries like Australia and Singapore, with relatively low infection rates and successful vaccination campaigns, rebounded strongly after a gloomy 2020. In 2021, countries with lower vaccination rates and less digitalized economies saw only modest growth. As the pandemic eases, mature APAC markets will grow at or slightly above their potential; others will continue to accelerate out of the crisis. Tech execs at companies operating in the region can use this report to shape their expectations for the supply of and demand for tech goods and services in 2022.

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