APAC software industry logs significant growth in 2024
Summary
When it comes to technology, respondents mentioned security challenges (18%), the cost of replacing legacy systems (17%), technical debt diverting resources from innovation (15%), and the inflexibility of existing applications (13%) as major challenges. APAC respondents say that the execution of their software strategy needs to improve its user training (18%), an inflexible culture (14%), and a lack of relevant internal skills (13%) are among the challenges in the organisational culture and talent space. Frederic Giron, VP, senior research director at Forrester and lead author of the report, says, “Software strategies play a key role in enabling enterprises in Asia Pacific to power high-performance IT. Despite challenges in aligning IT and business objectives, enterprises are prioritising revenue growth, customer expansion, and product development. AI is emerging as a key focus across a variety of software initiatives, highlighting its importance to strategic IT advances.”