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"Hong Kong Information Technology Report Q1 2014" Published

Fast Market Research recommends "Hong Kong Information Technology Report Q1 2014" from Business Monitor International, now available

 

Boston, MA -- (ReleaseWire) -- 01/27/2014 -- Hong Kong's emerging position as a regional data centre and cloud services hub is helping to sustain growth overall even as spending growth slows in mature segments of the IT market. The primary driver of demand will continue to be Hong Kong's large financial services industry, a target for cloud computing providers. The 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 reaching HKD45.3bn in 2013, with growth of 6.8% in local currency terms. There is, however, downside to this outlook, with a potential hard landing in China likely to severely disrupt Hong Kong's economy and IT market.

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