Asia Pacific Spending on Tech Services Sharply Higher in Q2, as AI Drives Demand, ISG Index™ Shows
ISG's latest Index report reveals Asia Pacific spending on technology services jumped 50.5% in the second quarter to a record $7.6 billion, marking the region's fastest growth in nearly five years. Cloud-based XaaS spending surged 57% year-over-year to $6.6 billion, while managed services grew 18% to just over $1.0 billion.
Key figures
- Apac bpo acv
- $129 million
- Apac erd acv
- $85.5 million
- Apac ito acv
- $810 million
- Apac iaas acv
- $5.8 billion
- Apac saas acv
- $818 million
- Apac xaas acv
- $6.6 billion
- First half xaas acv
- $12.5 billion
- Apac xaas growth yoy
- 57%
- First half combined acv
- $14.3 billion
- Apac combined market acv
- $7.6 billion
- Apac managed services acv
- $1.0 billion
- Global xaas forecast growth
- 30%
- Apac combined market growth yoy
- 50.5%
- First half managed services acv
- $1.8 billion
- Apac managed services growth yoy
- 18%
- Global managed services forecast growth
- 2.1%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.