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Tough Road Ahead For Top 20 APAC Tech Companies – Report

The ongoing volatile geo-political situation and COVID-19 can hinder the growth of top 20 Asia-Pacific (APAC) technology* companies. GlobalData, in its new findings, states that the APAC Top technology companies in 2019 had an average revenue of over US$40bn and an average revenue growth of 4% in 2019.

Image 1 Caption: *Technology companies include software and hardware developers, IT services providers (including internet-based services providers), and electronics manufacturers including semiconductors, mobile devices etc.

The report stated, of the top 20 tech companies, 80% reported YoY growth in their revenues with eight reporting double-digit growth in 2019.

Nintendo clocked the highest YoY revenue growth amongst the top 20 tech companies in the region.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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