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Digitization Drives ServiceNow Growth in Singapore, Malaysia
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
ISG Provider Lens report highlights rapid adoption of ServiceNow solutions by companies in Singapore and Malaysia due to the COVID-19 pandemic and digital transformation needs. The 2022 report notes a faster service ecosystem growth in Asia than globally, with significant investment in skilled professionals to support implementation. Major sectors adopting ServiceNow include manufacturing and finance, while sectors like retail still lag. The report evaluated 23 providers, naming Accenture, Capgemini, Cognizant, and Infosys as Leaders across all quadrants.
Positive
Strong growth of the ServiceNow ecosystem in Singapore and Malaysia, indicating increased demand.
Local and multinational enterprises, particularly in manufacturing and finance, are effectively adopting ServiceNow solutions.
Recognition of leading service providers like Accenture, Capgemini, Cognizant, and Infosys as top performers.
Negative
Shortage of skilled professionals may hinder ServiceNow deployment and growth.
Retail and public sectors are struggling with digital transformation, lagging behind other industries.
Growing provider ecosystem helps companies adopt the platform for digital transformation and increased competitiveness, ISG Provider Lens™ report says
SINGAPORE & KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--
Many enterprises in Singapore and Malaysia are aggressively investing in ServiceNow solutions to navigate changes caused by the COVID-19 pandemic and the trend toward digital transformation, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
The 2022 ISG Provider Lens™ ServiceNow Ecosystem Partners report for Singapore and Malaysia finds the growth of ServiceNow in 2021 was even faster in Asia than on a global basis. In Singapore and Malaysia, the services ecosystem surrounding ServiceNow grew substantially, with providers investing heavily in people and processes to better serve clients.
“The pandemic led many companies in Singapore and Malaysia to adopt digital platforms like ServiceNow for better business performance,” said Deepraj Emmanuel, director, ISG Asia. “Others that waited too long, or haven’t been able to change, may be left behind.”
Especially in Singapore, enterprises are engaging with ServiceNow ecosystem partners to support digital transformation, the report says. To achieve tangible, repeatable business results, they need consistent teams of ServiceNow experts and proven, flexible implementation methods.
The adoption of ServiceNow in Singapore and Malaysia reflects the local economy, ISG says. Local and multinational manufacturers lead the pack, along with banking, financial services and telecommunications companies. Retail companies and the public sector have lagged, often because they struggle more with digital transformation. Most enterprises are using ServiceNow IT service management (ITSM) and workflow optimization, but security and business process solutions are also gaining traction.
ServiceNow, the provider ecosystem and enterprises are all facing a shortage of skilled professionals in the region and around the world. Continued deployment and growth requires a strong focus on solutions that can be automated easily and consistently, ISG says. Service providers with experience in developing integration accelerators and robotic process automation (RPA) tools are best equipped to meet this need.
The report also explores other aspects of the ServiceNow ecosystem in the region, including the growth of local and niche service providers and the challenge of consistently delivering two major ServiceNow upgrades every year.
The 2022 ISG Provider Lens™ ServiceNow Ecosystem Partners report for Singapore and Malaysia evaluates the capabilities of 23 providers across three quadrants: ServiceNow Consulting Services, ServiceNow Implementation and Integration Services and ServiceNow Managed Services Providers.
The report names Accenture, Capgemini, Cognizant and Infosys as Leaders in all three quadrants. It names Deloitte, HCL and Wipro as Leaders in two quadrants each and EY, IBM, KPMG and TCS as Leaders in one quadrant each.
In addition, CloudGo, NCS and Tech Mahindra are named as Rising Stars – companies with a “promising portfolio” and “high future potential” by ISG’s definition – in one quadrant each.
The 2022 ISG Provider Lens™ ServiceNow Ecosystem Partners report for Singapore and Malaysia is available to subscribers or for one-time purchase on this webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.
A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.
