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Global businesses today face unprecedented challenges. Political tensions, economic uncertainties, and supply chain disruptions are forcing companies to rethink their strategies. As Europe grapples with energy concerns and political shifts, business leaders are urgently seeking ways to diversify operations, minimize risks, and find new growth opportunities.
Amidst this turbulence, the Asia-Pacific (APAC) region emerges as a beacon of opportunity. Far from being just an alternative, APAC is becoming a central pillar in forward-thinking business strategies, offering solutions to many global challenges.
APAC’s strength starts with its vast talent pool. With 7.5 Mn skilled professionals in Technology and Engineering, countries like India and China are driving the next wave of innovation. The region’s network of universities produces 7.2 Mn STEM graduates annually, ensuring a steady stream of fresh talent.
APAC’s economic dynamism is equally impressive. In 2023, APAC saw a 35% surge in Greenfield projects. This growth spans from Bangalore’s Tech hubs to Shenzhen’s Manufacturing powerhouses, showcasing the region’s economic vigor.
China, for instance, saw its GDP reach USD 17.52 Tn in 2023, growing 5.2% despite global headwinds. Cities like Shanghai, Hangzhou, and Beijing are evolving into global centers for Cloud Computing, Product Development, and Advanced Analytics.
India’s story is equally compelling. With a 7.6% GDP growth rate in FY23-24, it contributed 16% to global growth in 2023. India’s Tech sector is booming, with over 1400 Engineering Research & Development Global Capability Centers tapping into a talent pool of nearly 700,000 professionals.
APAC’s linguistic advantage sets it apart in global outsourcing. Countries like India, the Philippines, and Malaysia boast high English proficiency rates among their Tech talent. India leads with 89% of its Tech professionals fluent in English, facilitating seamless global collaboration.
The region’s technology and innovation prowess is striking. APAC hosts about half of the world’s top 1000 Software, Internet, and Automobile companies. Its start-up ecosystem is thriving, with 159 companies ranked among the Global Top 1000 start-ups. China and India alone account for about 90% of APAC’s unicorns, showcasing the region’s entrepreneurial spirit.
As businesses navigate a changing world, APAC offers not just a haven from uncertainties, but a springboard for growth. Its combination of skilled talent, economic dynamism, technological innovation, and cultural adaptability makes APAC indispensable in global business strategies.
To help businesses navigate this dynamic landscape, we present our comprehensive report titled, “APAC: COE Hotspots of the World – Country Deep Dives.” This in-depth analysis covers key countries in the APAC region, evaluating them across crucial parameters:
By leveraging these APAC talent hotspots, companies can build full, scalable Software Product Engineering and IT teams at affordable costs while driving high business growth at an accelerated pace.
The insights from this report will empower you to make data-driven decisions in your globalization strategy. It will enable you to navigate the challenges of the current landscape and position your organization for success in the years to come.
Don’t miss this opportunity to gain a competitive edge in the APAC market. Download our APAC COE Hotspots report now and unlock the potential of this dynamic region for your business.
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