Market Report, "Hong Kong Information Technology Report Q3 2014", published
New Computer Technology market report from Business Monitor International: "Hong Kong Information Technology Report Q3 2014"
[UKPRwire, Wed Aug 27 2014] market maturity means growth rates in Hong Kong will underperform emerging markets in the APAC region. However we believe it 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 . D river s of cloud investment will be demand from Hong Kong's large financial services industry , as well as opportunities for regional expansion . Meanwhile, t he high penetration of products in the retail market will mean relatively slower growth in spending, with Hong Kong having high penetration of traditional form factors - and the highest penetration of tablets in the world in 2013. We forecast IT spending in Hong Kong reach ing HKD 40.8 bn in 2014 , with growth of 6.3 % in local currency terms.
Full Report Details at
Headline Expenditure Projections
Computer Hardware Sales: HKD13.8bn in 2013 to HKD14.4bn in 2014, +4.5% in local currency terms. The decline in desktop and notebook sales should slow in 2014 as baseline upgrade demand volume comes closer.
Software Sales: HKD11.2bn in 2013 to HKD12.0bn in 2014, +6.7% in local currency terms. Enterprise software demand for complex deployments remains, but high penetration of basic deployments limits the overall growth rate.
IT Services Sales: HKD13.4bn in 2013 to HKD14.4bn in 2014, +7.8% in local currency terms. Rapid growth in demand for cloud computing services will make IT services the outperforming segment of the IT market.
Key Trends And Developments
The cloud computing opportunity in Hong Kong continues to attract significant investment from regional and global vendors. For instance, in June 2014 IBM unveiled a new SoftLayer data centre in Hong Kong, while China-based e-commerce company Alibaba's cloud computing unit Aliyun formally launched a new data centre in Hong Kong in May 2014. Vendors are looking to tap into several trends including wider adoption of cloud services, more complex deployments...
The Hong Kong Information Technology Report features Business Monitor International (BMI)'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.
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.
You may also be interested in these related reports:
- Singapore Information Technology Report Q3 2014
- Germany Information Technology Report Q3 2014
- United States Information Technology Report Q3 2014
- Canada Information Technology Report Q3 2014
- Russia Information Technology Report Q3 2014