Indonesia all set to become Asia-Pacific’s fastest-growing IT market, says US report

An Alibaba Cloud Data Centre set-up in Indonesia. - Jakarta Post/ANN

JAKARTA, Aug 29 (Jakarta Post/ANN): Indonesia is expected to lead Asia-Pacific in IT spending over the next four years, driven by a strong shift toward cloud-related services as the Covid-19 pandemic prompts local enterprises to digitalise their operations.

The country’s IT spending is expected to experience a 13 percent compound annual growth rate (CAGR) over the next few years, bringing the value of the sector to US$6 billion by 2024, according to a report by Boston Consulting Group (BCG) and technology company Cisco published on Tuesday (Aug 23).