Adoption of AI & cloud to continue at rapid pace

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.

- UMA KANNAN @Bengaluru

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.