The original forecast for 6.5% APAC tech spending growth is expected to be revised down by 1–2% amid rising uncertainty

SINGAPORE, May 14, 2025 /PRNewswire/ — Forrester (Nasdaq: FORR) initially projected that technology spending in the Asia Pacific (APAC) region would grow by 6.5% in 2025 to reach US$722 billion, up from US$678 billion in 2024 and on par with the growth experienced last year. The imposition of broad-based tariffs by the US, however, is expected to increase technology costs, disrupt supply chains, and dampen overall IT investments across the region. As a result, initial tech spending forecasts now appear optimistic, with heightened uncertainty expected to lower growth by 1 or 2 percentage points, depending on specific country exposure and IT spending categories.

Despite global volatility, adoption of AI and cloud will continue at a rapid pace and fuel robust spending growth on software and IT services in Asia. India and Vietnam, for example, were initially projected to see tech spending grow by 11% and 10%, respectively. Although these figures may soften under the weight of tariff-related disruptions, both countries are still expected to outperform the regional average — driven by strong momentum in digital infrastructure and aggressive modernization agendas.

According to Forrester’s Asia Pacific Tech Market Forecast, 2024 To 2028, the software market is set to grow 10.4% in 2025, with AI and cloud services dominating demand. Growth is especially pronounced in Southeast Asian economies, where digital transformation programs are advancing rapidly. Meanwhile, the IT services category is expected to grow by 6%, propelled by rising demand for hybrid cloud solutions, cybersecurity consulting, and system integration to manage increasing regulatory complexity. While these forecasts were established prior to the latest tariff developments, Forrester believes that the fundamental drivers of growth — AI, cloud, and digital infrastructure — remain intact.

In 2025, Forrester’s optimistic projections of tech spending growth across countries in Asia Pacific are as follows:

6.6% in Australia. Totaling nearly A$79 billion (approximately US$52.4 billion) in 2025, investments in cybersecurity, generative AI, and cloud solutions will drive tech spending growth in Australia.7.7% in China. With government initiatives set to boost consumption, bolster economic recovery, and improve technological self-reliance, China’s tech spending will reach RMB 1.9 trillion (approximately US$264 billion) in 2025.11% in India. Fueled by strong enterprise investments, the government’s push for digitalization, and a surge in venture capital funding, India’s tech spending is expected to reach ₹5 trillion (approximately US$59 billion) in 2025.5.6% in Singapore. With AI rapidly gaining traction across key sectors and the government’s implementation of the Digital Connectivity Blueprint to improve Singapore’s digital infrastructure, the city-state’s tech spending is expected to reach S$25.5 billion (approximately US$19 billion) in 2025.Strong in Southeast Asia. Tech spending in 2025 will grow by 8.5% in Indonesia, 7.2% in Malaysia, 9.4% in the Philippines, 7.7% in Thailand, and 10% in Vietnam, totaling approximately US$69 billion. The strong growth is due to Southeast Asian governments actively promoting digitization and a growing focus on cybersecurity, with AI playing a key role in enhancing threat detection and online safety.

“Asia Pacific’s tech spending growth continues to demonstrate the region’s commitment to leveraging technology to build resilience and drive innovation in an uncertain global climate,” said Frederic Giron, VP and senior research director at Forrester, “but the immediate economic headwinds and heightened uncertainty stemming from the new tariffs are likely to influence the pace, prioritization, and funding of technology initiatives in the coming months. Business and tech leaders must engage in comprehensive scenario planning to anticipate various outcomes and develop adaptive strategies that ensure organizational resilience.”

Resources:

Read more about Forrester’s Asia Pacific Tech Market Forecast, 2024 To 2028, in this blog or download the report here (client access required).Discover how Forrester supports IT leaders and how to get the most out of emerging technologies being deployed.

About Forrester
Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We empower leaders in technology, customer experience, digital, marketing, sales, and product functions to be bold at work and accelerate growth through customer obsession. Our unique research and continuous guidance model helps executives and their teams achieve their initiatives and outcomes faster and with confidence. To learn more, visit Forrester.com.

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SOURCE Forrester

SHANGHAI, May 14, 2025 /PRNewswire/ — DAHON, a global leader in the folding bike industry, showcased its vision for the future of cycling at China Cycle 2025, featuring award-winning innovations and the cutting-edge DAHON-V technology. The event attracted large crowds and media attention, highlighting hands-on test rides and competitions that drew crowds and media alike.

DAHON offered an engaging three-part experience, allowing guests to explore the brand’s innovation-driven design through tech insights, test rides, and a speed challenge.

Tech Insights

Visitors were introduced to DAHON-V technology via videos, posters, and live demonstrations by staff, providing clear insights into the innovative features from concept to execution.

DAHON-V Speed Challenge

At the heart of the show, DAHON hosted a special DAHON-V Speed Challenge. In it, DAHON’s own P8 and Vélodon A4 road bike competed head-to-head with other brands. DAHON bikes stood out with superior acceleration and stability in races, hill climbs and cornering—giving riders and spectators a first-hand experience of the signature DAHON ride.

Full Lineup with DAHON-V: Redefining the Future of Cycling

This year, DAHON unveiled a complete series of revolutionary bikes equipped with DAHON-V, ranging from folding bikes, road bikes, and e-bikes, covering the needs of diverse riders.

Notably, the Télodon C8 AXS carbon fiber folding road bike received a prestigious Gold Award at the 2025 CHINA CYCLE Innovation Awards, among 15 Gold and 55 Excellence Award recipients.

Dr. David T. Hon, Chairman of DAHON Group, stated, “From folding to riding, DAHON has always put user needs on priority one. With our DAHON-V innovation, we’re pushing the limits of what a bicycle can be. This exhibition is not just a showcase of our products and technology, but a glimpse into DAHON’s vision for the future of urban mobility—where cycling becomes a smarter, greener, and more meaningful lifestyle.”

While the event has concluded, DAHON’s commitment to innovation continues. In 2025, DAHON will continue driving the industry forward with its DAHON-V technology, expanding globally, and advancing the bicycle industry toward smart, lightweight, and scenario-based innovations.

SOURCE DAHON

“One App for Dual Wins in Virtual and Real Worlds” Delivers an Ultra-Efficient Investment Experience

HONG KONG, May 14, 2025 /PRNewswire/ — Tiger Brokers (NASDAQ: TIGR), a leading online brokerage firm, has officially launched its cryptocurrency deposit and withdrawal service, ushering in a new wave of digital investment and redefining market standards. Tiger Brokers’ cryptocurrency services have achieved the core functionalities of “deposit, trade and withdraw” in the first phase, with the convenience and efficiency of the withdrawal service leading the market and surpassing other platforms that only provide deposit functionality, offering investors a truly seamless new experience for cryptocurrency trading.

As a licensed virtual asset trading platform authorized by the Hong Kong Securities and Futures Commission, Tiger Brokers upholds the principles of compliance, security and professionalism, providing a $0 commission and platform fees trading environment to create an efficient and convenient new cryptocurrency trading experience for investors, further consolidating our leading position as a one-stop global investment platform. Investors can easily manage mainstream cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) through our flagship trading app, Tiger Trade, and enjoy a simple and smooth operation experience. The $0 commission and platform fees policy significantly reduces transaction costs, and combined with our efficient deposit and withdrawal function it allows investors to participate more flexibly in the global cryptocurrency market and achieve efficient capital flow.

Hong Kong users are highly active in virtual asset trading. According to UP Fintech’s Q4 2024 report, the number of cryptocurrency transactions doubled quarter-on-quarter, and the transaction amount quadrupled, reflecting the urgent demand of local investors for compliant virtual asset services. Tiger Brokers has captured the market pulse and launched secure and convenient cryptocurrency trading, deposit and withdrawal services, helping investors seize the first-mover advantage and unleash their capital potential.

Tianhua Wu, Founder and CEO of Tiger Brokers, stated: “Cryptocurrencies are rapidly reshaping the global financial landscape and have become an inevitable choice for investor allocation. The launch of our deposit and withdrawal service fully meets the urgent demand of investors for capital mobility and flexibility, not only allowing investors to quickly convert virtual assets into actual funds and realize investment returns immediately but also providing them with the key ability to respond flexibly to market fluctuations and ensure that funds are optimized at critical moments. Our deposit and withdrawal service achieves rapid processing, transparent operations, and high security through advanced technological architecture and strict compliance measures, ensuring the safety of investors’ funds and transaction efficiency. We will continue to leverage the advantages of our one-stop global investment platform to optimize the deposit and withdrawal service, empowering investors and seizing the wealth opportunities of the digital era.”

Currently, Tiger Brokers’ cryptocurrency trading is settled in US dollars, ensuring a streamlined and efficient transaction process. The platform has formulated a clear development roadmap and will gradually expand currency options based on market demand, as well as enhance the support for more cryptocurrency types, fully meeting the increasingly diversified needs of investors.

Tiger Brokers has launched a new promotional campaign. Starting from 12:00noon on May 14, 2025, users who successfully deposit cryptocurrency into their Tiger Trade account for the first time, reaching a minimum of 0.01 Bitcoin (BTC) or 0.5 Ethereum (ETH), and maintain a net asset value of no less than 0.01 BTC or 0.5 ETH for 60 consecutive days, will receive a Coinbase stock reward worth HKD 200. This promotion aims to encourage investors to actively participate in the cryptocurrency market, experience Tiger Brokers’ efficient and secure trading, deposit and withdrawal services, and seize the opportunities in digital asset investment.

The launch of the cryptocurrency deposit and withdrawal services is an important milestone for Tiger Brokers in the digital asset field. Tiger Brokers not only offers cryptocurrency trading but also integrates stocks, options, funds, futures, and other securities products to create a one-stop investment ecosystem, meeting investors’ diversified and globalized asset allocation needs. Looking ahead, the platform will continue to deepen its fintech expertise and explore more cutting-edge investment solutions to provide global investors with a richer and more convenient wealth management experience, leading the industry towards a new era of intelligence and globalization.

About Tiger Brokers (HK)

Tiger Brokers (HK) Global Limited (Central number: BMU940) holds type 1, 2, 4, 5 and 9 licenses of the Securities and Futures Commission. Starting from November 30, 2022, with Tiger Trade, Tiger Brokers’ flagship app, Hong Kong users can trade financial products from major markets around the world, such as Hong Kong stocks, warrants, options, US stocks, US fractional shares and ETFs, among others, providing a one-stop solution to their investment needs. In the future, we will continue to expand our trading markets and categories to better serve Hong Kong investors.

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SOURCE Tiger Brokers (HK) Global Limited