Taiwan's information service and software market value is projected to arrive at NT$256.7 billion (US$7.9 billion; US$1 = NT$32.5) by 2018, up from NT$216 billion (US$6.65 billion) in 2014, with a respectively CAGR (Compound Annual Growth Rate) of 10.3% and 21.2% from 2013 to 2018, according to MIC (Market Intelligence & Consulting Institute), a government-backed IT research institute in Taipei, Taiwan.
Taiwan Information Service and Software Market Value, 2013-2018
Source: MIC, April 2016
The information service market contains three service segments: system integration, IT outsourcing, and cloud; the IT software market also comprises of three service segments: embedded software, packaged software, and enterprise software. The demand for information services and IT software is expected to grow steadily in Taiwan. This is because Taiwanese enterprise users in the manufacturing, finance and logistics sectors are dedicated to expanding their market share locally and globally, in particular emerging markets such as China and ASEAN (Association of Southeast Asian Nations). Furthermore, as the market continues to promote the importance of Personal Information Protection Act and International Financial Reporting Standards, the adoption of information services will likely to increase in Taiwan, according to MIC.
To see more about this report, please visit: Uncovering the Potential of Information Service and Software Industry and Market, Uncovering the Potential of Information Service Market and Industry: Key Trends and Major Players and Uncovering the Potential of IT Software Market and Industry: Key Trends and Major Players.
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Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry. http://mic.iii.org.tw/english