The EIU finds that despite a slight increase in market concentration, competition in Asia’s IT services sector remains fierce. Profitability in Asia’s IT services sector has been declining, and margins in some markets, such as India, may have peaked.
Other key findings include:
- Asia’s IT services sector has been expanding rapidly, in line with the region’s stellar economic growth.
- The number of players, homegrown and global, is rising.
- Industry-leading firms could bring growth to other markets as they seek to escape rising costs at home.