Asia Pacific EA market to reach US$8.6 billion by 2016

18.07.2012
Asia Pacific enterprise applications market is set to reach US$8.6 billion by 2016, according to the latest IDC Asia/Pacific Semiannual Enterprise Applications Tracker.

Although this market was slow to revive, it was able to reach a 9.8 percent growth year-on-year (YoY) in the Asia/Pacific excluding Japan (APEJ) region in 2011.

The research firm notes that the enterprise applications (EA) software market is undergoing a major transformation due to new technology trends and it has presented several opportunities to the vendors in this space.

These developments will result in the growth of EA market but it may be impacted by the negative economic sentiments in the APEJ region.

"Although the economy hasn't revived completely, it has been showing some optimistic signs; uncertainties and risks continue to propel the usage of enterprise software to reduce cost, improve productivity and efficiency, and mitigate risk," said Sabharinath Bala, research manager of IDC's Asia/Pacific Enterprise Applications Software Research.