International Data Corporation Predicts 15% Growth in APEJ Market
The International Data Corporation has seen the region of the Asia Pacific excluding Japan, or APEJ for short, as an area for rapid growth in this current year. The growth of this region may experience growth of up to 15.4 percent!
The International Data Corporation, also known as IDC, is basically a research organization that studies the trends in information technology in terms of events, advice, market movement, telecoms, and all kinds of consumer technologies making up the whole IT world. Although the APEJ saw a decrease by two percent in 2009, 2010 promises a much more productive year in terms of enterprise applications software development and sales.
Changes in Application Acceptance
The most prominent acceptor of enterprise applications software was in the manufacturing sector. Studied specifically by the Asia/Pacific Semi-annual Enterprise Applications Tracker of the International Data Corporation, other findings showed high adoption in the banking sector, telecommunications and financial services institution, and other industries that include beverage and food, and even mining.
Because of the worldwide economic recession in recent years, experts from the Domain Research Group of Asia/Pacific Enterprise Application of IDC, indicated that this is the main reason why adoption of enterprise applications software was happening. Such delivery models were accepted by many (with caution in terms of information technology programs) because of the high return on investment such models offered the industry.
It was China, India, and Australia that cornered the market in 2009 regarding enterprise applications software, wherein they contributed to the market share up to 70 percent. However, IDC foresees a different trend this year with China, Malaysia, Thailand, Indonesia, Singapore and India taking the lead. With in-the-cloud computing becoming more popular by the minute, this is an obvious course to be taken by many industries.
There has been a clear direction to lessen implementation periods and capital investments by giving application stacks that are pre-integrated, providing vertical-specific templates that are pre-packaged, delivery models and manifold pricing. More companies, specifically vendors, are starting to see the light in partnering up with other companies to provide in-the-cloud services and specialized expertise in the different applications development offerings.