Digital-native businesses are defined by their use of new and emerging technologies
According to a recent IDC Market Forecast titled Asia/Pacific DNB Tech Spending Opportunity Forecast, 2022–2026, Asia/Pacific DNB tech spending is forecasted to grow at a CAGR of 20.8 per cent and reach $US128.9 billion by 2026. IDC expects Asia/Pacific DNB tech spending to grow at a year-over-year (YoY) rate in 2023 of 19.3 per cent in comparison to 15.1 per cent in 2022, as spending continues to accelerate.
Digital-native businesses are defined by their use of new and emerging technologies to differentiate themselves from competition. As macroeconomic headwinds loom, DNBs will accelerate investments in technologies such as cloud-based solutions, to improve efficiency and support DNBs in their path to profitability and resiliency,” says Seng Keong Low, Research Director for Asia/Pacific Digital Native Business.
The IDC report, “Asia/Pacific DNB Tech Spending Opportunity Forecast, 2022–2026”, presents the first tech spending forecast of the Asia/Pacific Digital-Native Business segment, including key drivers and inhibitors.
Since 2010, when cloud technologies started to enable innovation at scale and speed, we experienced an explosion of digital-native businesses redefining the way we live, consume, pay, work, and deploy technology. In a recent IDC Market Glance titled, Digital-Native Business in Asia/Pacific, 3Q22, IDC provides an illustrative overview of the current landscape of DNBs in Asia Pacific.
