The Asia Pacific region will spend over US$437 billion on acquiring new technology between 2025 and 2030, according to estimates by Forrester.
The report, Asia Pacific Tech Market Forecast, 2026 to 2030, estimates that total technology spending will grow by 9.3% due to investments in software, services, communications equipment, and tech outsourcing, but regulatory fragmentation and tariffs are expected to pose hurdles for regional growth.
“Asia Pacific’s technology spending momentum remains strong, but the headline growth numbers mask a more complex reality,” said Frederic Giron, VP and senior research director at Forrester. “CIOs across the region are grappling with software inflation, hardware volatility, and increasing regulatory divergence that directly impact modernisation plans.
APAC tech spend growth
In 2026, Forrester projects tech spend growth in Asia Pacific to be the fastest in India (13.4%), driven by rapid cloud adoption, data localisation rules, and rising software investment. There will also be projected growth in China (10.7%) and in Australia (8.6%).
Singapore’s tech spend is expected to grow by 6% due to its strong investment in AI transformation and hyperscaler expansion.
The forecast also logged strong tech spend growth in Southeast Asia, with Vietnam (15.4%), Indonesia (12.5%), and the Philippines (12.3%) logging double-digit growth.
According to Giron, CIOs in the region should expect IT budget challenges if the conflict in the Middle East sustains.
“To navigate this environment, leaders must shift to highly targeted investments — prioritising automation, AI-enhanced platforms, and modernisation initiatives that deliver measurable productivity gains,” he added.
