Southeast Asian IT industry: An Overview
Feb 5, 2016
Asia is facing a human-capital challenge. Over the past three decades, significant gains in workforce size and quality helped Asia become a hub of global supply chains. But with workers increasingly unable to meet the demands of the labour market, the region’s remarkable development success could be derailed.
Asia has plenty of educated young workers. But, at a time of industrial upgrading and technological sophistication, the knowledge and skills gained in school are often insufficient. As a result, youth unemployment, underemployment and job dissatisfaction are on the rise.
In emerging work environment, IT skill become competitive skill that company seek in job seeker to enhance their possibility to get hired. In advance, IT skill will increases employee productivity which ultimately gives rise to profits that means better pay and less strenuous working conditions.
Besides being value-added for job seekers, IT industry have place in significant position in the market. IT business has very wide opportunity and field, and with innovation from time to time, it has move forward with increasing growth rate.
Data below show condition of emerging IT market is in Southeast Asia region:
- Indonesian IT spending will grow at a CAGR of 10.6% 2016-2019 to reach a total of IDR210.7trn in 2019.
- Malaysian IT market will grow over the medium term, with a CAGR of 5.1% over 2016-2019 to reach a total of 5bn in 2019.
- Singapore IT market growth will go slightly stronger over the medium term, with a CAGR of 4.3% forecast for 2016-2019 to a total market value of SGD9.1bn in 2019.
- With a trend in economic modernisation in the enterprise market, Vietnam IT market will grow with CAGR of 11.7% over the 2016-2019 period.
- Thailand’s IT market will exhibit robust medium term growth as it continues to strengthen in 2016, with CAGR of 6.8% from 2016-2019.
- Philippines IT market will grow with CAGR of 10.2% over 2016-2020 to a total value of PHP314.1bn in 2020, making the Philippines an outperforming market in the Asia Pacific alongside other markets with relatively low exposure to depressed commodities markets.
Seeking for potential to expand its business networking, New Horizons Computer Learning Center decided to enter Asia market. New Horizons was founded in 1982 in Conshohocken, Pennsylvania and has been known as the world’s largest independent computer training company. Nowaday, New Horizons has over 300 centres in 70 countries worldwide and most of them are franchised.
- Information Technology training: providing a broad range of technical and applications courses.
- Complimentary courses in Business Skills, Healthcare Information Management (providing skills for the U.S. Medical Billing industry) and English Language training.
- Trained 30+ million people over 30+ years
- Sales force of 2,100+ individuals, 2,400 qualified instructors and 1,900 classrooms
- World’s Top 20 IT Training Companies – Trainingindustry.com
- Investment: US$500,000
New Horizons franchise opportunity is now available in Southeast Asia countries including Vietnam, Indonesia, Malaysia, Singapore, Philippines, and Thailand.
For more information about New Horizons, please visit http://vffranchiseconsulting.com/brands/new-horizons/
Or contact us at [email protected]
2016 Information Technology Report, BMI research
New Horizons Computer Learning Centers, vffranchiseconsulting.com