Newly released market study: Hong Kong Information Technology Report Q4 2015
Fast Market Research recommends "Hong Kong Information Technology Report Q4 2015" from Business Monitor International, now available
[USPRwire, Sun Oct 18 2015] Hong Kong's position as a regional data centre and cloud services hub will sustain growth rates above those observed in the majority of developed markets globally 2015- 2019. D river s of cloud investment will be demand from Hong Kong's large financial services industry, as well as opportunities for regional expansion. The cloud opportunity offsets some of the limitations of the retail market where high penetration rates will mean relatively slower growth in spending compared to emerging markets in APAC. We forecast IT spending in Hong Kong will reach almost HKD 44.1 bn in 2015, with growth of 6. 6 % forecast in local currency terms. There is, however, some downside, primarily from the economic and political ties with China, which introduce some uncertainty.
Headline Expenditure Projections
Computer Hardware Sales: HKD13.7bn in 2014 to HKD13.9bn in 2015, +2.7% in local currency terms. Growth will be more subdued than during the tablet boom years 2011-2013 as the market stabilises after rapid diffusion of ownership among the core user group.
Software Sales: HKD12.2bn in 2014 to HKD13.0bn in 2015, +6.0% in local currency terms. Demand growth forecast to slow relative to 2014 after OS upgrade demand was brought forward by Microsoft support withdrawal for XP in April 2014, but the enterprise software market offers continued opportunity, particularly for SaaS and cyber-security vendors.
IT Services Sales: HKD14.7bn in 2014 to HKD16.4bn in 2015, +11.2% in local currency terms. Increased adoption of infrastructure and platform cloud computing services will make IT services the outperforming segment of the IT market in 2015 and over the medium term to 2019.
Full Report Details at
The Hong Kong Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.
BMI's Hong Kong Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Hong Kong.
* Benchmark BMI's independent IT Industry forecasts for Hong Kong to test other views - a key input for successful budgetary and strategic business planning in the Hong Kong IT market.
* Target business opportunities and risks in Hong Kong's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Hong Kong.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- Singapore Information Technology Report Q4 2015
- Germany Information Technology Report Q4 2015
- Poland Information Technology Report Q4 2015
- Turkey Information Technology Report Q4 2015
- Czech Republic Information Technology Report Q4 2015