In a new study, Global Market Trends 2010: IT Services Forecasts, the independent technology analyst finds that although the Asia-Pacific region suffered slightly during the recession the market is rebounding, with growth likely to top 9% in 2015.

Ovum’s Market Intelligence team senior analyst Hansa Iyengar says, “Enterprise customers throughout the region who had curtailed spending and put many transformative projects on the back-burner during the downturn have started investing for growth again. A large proportion of the growth will be driven by applications and consulting engagements with enterprises aiming to upgrade, transform, and modernise their IT environments in order to support the rapid expansion being experienced in the majority of the region’s economies,”.

Meanwhile, Ovum has also released a new market share analysis, Global Market Trends 2010: IT Services Rankings and Market Shares. It analyses the top 30 IT services vendors in the region. Fujitsu retains the number one slot in terms of IT services revenue in 2010, with a market share of 13.9%.

Global vendors continue to be major representatives in most markets across the region, with the exception of Japan, which is still dominated by the large domestic providers. This highlights the fact that there still exists a “home-bred” tendency, but with an increasing desire to learn and engage with established global providers to support enterprises’ expansionary plans.

Many of the regional and local players continue to display strong growth in core areas of expertise and industry-specific offerings, especially in areas such as mining, financial services and telecommunications.

“A key trend worth noting, is the growth in leveraging consulting services to define and align strategic plans and longer-term operational roadmaps, prior to committing to multi-year strategic engagements,” says Ovum’s IT Services team principal analyst Jens Butler.