The Asia-Oceania region’s share of global GDP will rise by 7.5 per cent to 43.2 per cent by 2020, according to research compiled by global consulting firm KPMG.
The report, "Asia-Oceania Vision 2020: Enabling IT Leadership through Collaboration" was released at the Asia Pacific ICT Alliance (APICTA) Digital Information Summit being held this week in Melbourne.
It says the ICT industry will drive growth in the Asia-Oceania region while collaboration can play a key role in helping countries build on collective strengths.
“The large diversity in political, social and development conditions in Asia-Oceania, if effectively leveraged for collaborative growth, is likely to act as a facilitator for nations to address common challenges, leverage each others’ competitive advantage and thereby aim for a much larger target market in the ICT industry by 2020,” the report said.
The report also examines this collaboration imperative, in the light of aspirations of individual countries in the information technology and business process outsourcing services industry by 2020.
It states 90 per cent of the region’s population is expected to live in middle-income status countries.
More information can be found on the APICTA website.