Majority of Top 20 APAC Tech Firms Managed to Post Growth in 2020

Increasing investments in digital transformation, data centers and IoT deployment were instrumental in the more than 5% average revenue growth of the top 20 Asia-Pacific technology companies in 2020.

www.eetasia.com, Jun. 02, 2021 – 

Increasing investments in digital transformation, data centers and Internet of things (IoT) deployment were instrumental in the more than 5% average revenue growth of the top 20 Asia-Pacific technology companies in 2020. Such investment not only allowed tech companies to maintain healthy growth during the COVID-19 pandemic-disrupted year, but also thrive under very challenging conditions, according to GlobalData.

Among the top 20 tech companies, 65% reported year-on-year (YoY) revenue growth with six companies reporting double-digit growth in 2020. Tencent, Taiwan Semiconductor Manufacturing Co. Ltd (TSMC) and WPG led the table with each registering over 20% YoY revenue growth.

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