India is the fastest-growing country for tech spending in Asia Pacific, increasing by 8 percent in 2019 and by 7 percent in 2020, according to a new report from global market research firm Forrester.
Software and services will post the fastest growth in Asia Pacific, according to the report entitled “Asia Pacific Tech Market Outlook For 2019 to 2020”.
India’s hunger for software will continue in 2019 and 2020 as the digital transformation of government and private-sector business processes remains atop India’s agenda, said the report.
Spending on tech consulting and outsourcing services will bolster IT expenditure growth in the country, increasing by 11 per cent in 2019 and 16 per cent in 2020.
China and Japan dominate the Asia Pacific tech market with about a 60 per cent combined share. India is in third place, with total spending of around $70 billion, the Forrester report said.
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