Spotting the top 30 IT service providers in the Asia Pacific region (excluding Japan), International Data Corporation (IDC) has shared revenue for CY 2014 in its new report, ‘Asia/Pacific Leading IT Services Providers 2015 Competitive Profiles and Analysis.’ These researches comprise of the IT services market, go-to-market strategy, detailed revenue breakdown and IDC’s view on power, challenges, opportunities and hazards of the top 10 IT services providers in the region. The IT services revenue is rooted on the present day "IDC Asia/Pacific Semiannual IT Services Tracker, 2H 2014."
IDC's most fundamental research mission is to accurately assess and forecast the size and shape of the key IT market segments. Manifesting a systematic reshape in the market, IDC research has stated that half of the top 10 IT services providers’ revenue had declined in 2014, including the top 3 IT services providers, IBM, HP and Samsung SDS. The inception of 3rd Platform technologies, and notably cloud services, has shot price pressures on traditional asset intensive markets such as IS outsourcing or hardware support and deployment services market. “With the emergence of 3rd Platform technologies, it disrupts the way IT services are delivered and consumed. We are seeing a number of top IT services providers experiencing revenue decline over the past two years”, said Cathy Huang, IT Services CIS Program Lead, IDC Asia Pacific.
Studies also estimated Huawei, Telstra, and ATOS as the three fastest growing companies in the top 30 list. In addition, it pinnacled the exposure of strong India and China players like TCS, Pactera, and 21Vianet that are looking to extend the region. Another author of this report, Sherrel Roche, IT Services Senior Market Analyst said, "The APEJ IT services market is at an interesting juncture and is seeing the rise of resilient India and China players looking to build their presence in the region. The challenge hence for global IT services vendors are twofold — one from the emergence of these Asian players but more importantly the need to innovate to keep up with 3rd Platform technologies such as cloud."
IDC is of the opinion that IT services providers must transfigure their businesses to empower their customers as they embark upon digital revolution journeys of their own. Services providers should be focused on optimizing the business they can induce in their traditional areas of anchor through enterprising cost management, greater optimization and reinforce automation.