Spending by SMEs on IT to lead ASEAN

Spending by SMEs on IT to lead ASEAN

According to the IDC, Thailand’s small businesses are expected to see their IT spending achieve a compound annual growth rate (CAGR) of 5.7%, rising from US$1.03 billion in 2021 to $1.34 billion in 2025, versus the Asean CAGR of 7.4%.

Indonesia is expected to be in second place in 2025 in terms of small enterprises’ total IT spending of $1.29 billion, up from $746.7 million in 2021, IDC said.

To find out more, read here.