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Adoption of AI & cloud to continue at rapid pace
The New Indian Express Thrissur
|May 16, 2025
With rapid digitalisation and increasing demand for artificial intelligence (AI) and cloud-based solutions, APAC's (Asia Pacific) software market will continue to see expansion this year and Forrester expects software spending to surge by 10.4% with cloud-native development taking centre stage as businesses migrate operations to the cloud.
The research & advisory firm estimates that spending on technology (software, services, communications equipment, tech outsourcing and hardware maintenance, and computer equipment) in Asia Pacific will grow by 6.5% in US dollar terms in 2025.
It says the highest tech spending growth in the Asia Pacific region in 2025 will be in India (11%), followed by Vietnam (10%), and the Philippines (9.4%).
In India, the technology sector has entered 2025 on a wave of momentum, fuelled by strong enterprise investment, the government's push for digitalisation, and a surge in venture capital, it stated.
This story is from the May 16, 2025 edition of The New Indian Express Thrissur.
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