THIS 2020 Asia Pacific Technology Fast 500 Index was published today by Deloitte Touche Tohmatsu Limited (DTTL), with Southeast Asia represented by eight firms within the index.
Malaysia Arb limited liability companyIT and IoT solutions and services company is the leading company within the region at 72nd place, and Indonesia has been included on the list with an e-commerce technology company for the primary time lately Tokopedia PT ranked 94th.
In an announcement, DTTL said the index is an annual rating of the fastest-growing firms within the Asia-Pacific region within the hardware, software, communications, media, life sciences and clean technology industries.
Winners are chosen for the Technology Fast 500 based on percentage of fiscal yr revenue growth over a three-year period.
“Congratulations to all the winners of the APAC Technology Fast 500 2020, and special thanks to the eight Southeast Asian companies that made the list,” said Yang Chi Chih, Deloitte Southeast Asia technology, media and telecommunications industry leader.
Yang said that while the Covid-19 pandemic caused unprecedented disruption to businesses last yr, it also became a catalyst for digital transformation across Southeast Asia as firms began to reply, get well and thrive.
“Looking ahead, we expect technology companies in the region to continue this growth trajectory by focusing on and leveraging 5G, cloud and data analytics.”
In first place with a growth rate of 17,915% is Terminus Technologies, a Chinese software company that gives intelligent public safety, public administration and public services solutions to government agencies and corporations.
By securing the highest spot within the rating, Terminus became the sixth Chinese company to top the rankings. The company was founded in 2015 and is headquartered in Beijing, DTTL reported.
Leveraging its AIoT (Artificial Intelligence and Internet of Things) engine to fuel the expansion of traditional industries, DTTL says the corporate prides itself on effectively understanding customer needs and is committed to creating cutting-edge solutions in utilities, utilities, energy scenarios , cultural products and museum retail.
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With 175 firms within the index, China maintained its leadership position, taking five of the highest 10 places.
Australia broke its own record of 98 listed firms last yr, with 102 recognized this yr. The list also included 73 firms from Taiwan and 40 from Japan, and interestingly, the primary company from Indonesia also made the list.
Among the highest 10 firms, software company Stamen Co., Ltd., the primary Japanese company to interrupt into the highest 10 lately, took sixth place with a rise of 5,914%. India and Korea managed to make the highest 10, with strong performances in software and life sciences rating fifth (7,295%) and eighth (5,485%), respectively.
The represented industries were dominated by firms from China and Taiwan. In particular, Chinese firms grew the fastest in 4 categories (media, hardware, communications and software), while their Taiwanese counterparts overtook the last two sectors (clean technology and life sciences), DTTL reports.
Having a powerful presence in the highest 10 with five firms represented, the software sector took the biggest share at 38%, followed by media (21%), computer hardware (19%), life sciences (15%), communications (5%) and clean technology (2%). He added that software has occupied 38% of the Technology Fast 500 list for the past three years.
Overall, the share of publicly traded life sciences firms increased by 6 percentage points in comparison with 2019, thanks partially to the pandemic. The top-ranked life sciences company, DTTL noted, Taiwanese company TaiMed, rose 8,251%.
The consulting firm reported that this yr, the highest 500 firms saw a median revenue increase of 551% percent. For the highest ten firms, the common revenue for the present yr in USD is $137,046,668. The average revenue growth of the highest ten is 7,621%
Due to the worldwide spread of Covid-19, average revenue growth in 2020 decreased significantly in comparison with the 2019 average growth of 717% and the historical high in 2018 (987%), and is the fifth highest recorded by Asia Pacific Technology Fast 500 – he added.
Source: Digital News AsiaDeloitte.com
