Asia Pacific ICT Market Report and Forecast 2025-2034

Asia Pacific ICT Market Growth

As per the Investment Information and Credit Rating Agency of India, 2 million people are expected to become satellite internet users in India, recording an increase of 6-times from current levels by 2025. Out of a population of 1.4 billion people, nearly 40% of Indians do not have internet accessibility. Under the BharatNet programme, in collaboration with the BBNL, the Indian government plans to provide satellite-based internet services to nearly 7000 villages. Due to such favourable initiatives, India is projected to grow at a CAGR of 5.1% during 2025 and 2034.

In May 2024, a consortium of telecom companies in Japan (NTT Corporation, Fujitsu, DOCOMO, and NEC Corporation) launched the sixth generation of wireless networks, whose speed is ten times greater than 5G and has substantially lower latency. The development of sub-terahertz devices that transmit data at a speed of 100gbps and can operate within a range of 100 meters is expected to further drive the market expansion in the coming years.

Increasing viewership for OTT shows and movies is expected to increase the demand for mobile data in Japan. The expansion of fibre-optic cable networks is expected to meet the increasing demand for high-speed internet services across the country by 2028, further driving the market growth.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Asia Pacific ICT Industry Segmentation

Asia Pacific ICT Market Share

Based on industry vertical, the market is divided into BFSI, IT and telecom, government, retail and e-commerce, manufacturing, and energy and utilities, among others. Over the forecast period, the IT and telecom sector is expected to witness the fastest growth, growing at 5.2% CAGR between 2025-2034. This can be attributed to rising consumer appeal for the latest smartphone models and PCs, which underlines the demand for smart devices meant for data exchange and storage.

Meanwhile, the retail and e-commerce sector is projected to grow at a CAGR of 4.9% during 2025-2034, aided by evolving customer behaviour and technological advancements.

Leading Companies in the Asia Pacific ICT Market

Increasing collaboration in the satellite and space industry is expected to ensure a stable flow of capital for funding new projects and initiatives that minimise the digital divide between urban and rural areas across countries, thereby driving the market growth.

• IBM Corp.

• Microsoft Corp.

• Cisco Systems Inc.

• Google LLC

• AT&T Inc.

• Qualcomm Technologies, Inc.

• Oracle Corp.

• Fujitsu Ltd.

• HP Inc.

• Fortinet Inc.

• Others