IT Market in Indonesia: big names gone AWOL

Research and Markets  has announced the addition of the “IT Market in Indonesia 2011-2015” report to their offering.

TechNavio’s analysts forecast the Information Technology market in Indonesia to grow at a CAGR of 17.9 over the period 2011-2015. One of the key factors contributing to this market growth is government support for IT initiatives. The IT market in Indonesia has also been witnessing an upsurge of software testing in the Financial sector. However, the threat of cyber security could pose a challenge to the growth of this market.

TechNavio’s report, IT Market in Indonesia 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on Indonesia.

Key vendors dominating this market space include IBM Corp., Oracle Corp., Hewlett Packard Co., and Acer Inc.

Commenting on the report, an analyst from TechNavio’s IT Services team said, The Government has started a number of initiatives that have a positive impact on the IT market in Indonesia. Some of these initiatives are: increasing government investment in telecom and IT infrastructure including data centers and fixed wireless deployments and WiMAX. Also, e-learning initiatives by the Indonesian Government have been taken to facilitate internet in schools. The aim of the education ministry is to improve the ratio of computers to students in public schools from 1:3200 to 1:20.

According to the report, the financial sector in Indonesia has been witnessing exceptional growth at present, and it is essential to sustain this growth. With the increasing adoption of IT initiatives, a strong requirement of software testing is observed as banks and financial institutions mobilize to tackle the challenges exhibited by major upgrades or refurbishments of applications.

Further, the report also discusses various challenges impacting the growth of this market including the currency rate fluctuations as a result of global economic changes.

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