Boston, MA -- (ReleaseWire) -- 07/21/2014 -- 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.
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.
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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.
- 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.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
BMI Industry View
Summary of BMI's key industry forecasts, views and trend analysis covering IT, regulatory changes, major investments and projects and significant national and multinational company developments.
Cross-border analysis of regional markets, commenting on IT penetration (PC and internet) and market growth drivers (IT market size and IT market compound growth).
Country Market Overview
Structure, size and value of the industry sectors including hardware, software and services; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments and government authority.
BMI Industry Forecasts
Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:
IT Sector: IT industry value (US$bn); IT sector contribution to GDP (%); value of hardware, software and services industry (US$mn); PC, peripherals and software imports and exports (US$mn); PC, peripherals and software sales (US$mn); number of PCs (`000); PCs/100 inhabitants; internet users (`000); internet users per 100 inhabitants; broadband subscribers (`000); broadband subscribers per 100 inhabitants.
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