Recent Study: Hong Kong Information Technology Report Q4 2014

While a lucrative market, the maturity of Hong Kong's IT market means growth rates will underperform emerging markets in the A sia P acific 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 41.7 bn in 2014 , with growth of 7.3 % forecast in local currency terms.

Headline Expenditure Projections

Computer Hardware Sales: HKD14.0bn in 2013 to HKD14.7bn in 2014, +5.5% 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: HKD11.3bn in 2013 to HKD12.2bn in 2014, +7.7% in local currency terms. Operating system spending boosted demand following the withdrawal of official Microsoft support for XP in April 2014.

IT Services Sales: HKD13.5bn in 2013 to HKD14.7bn in 2014, +8.9% in local currency terms. Rapid growth in demand for cloud computing services will make IT services the outperforming segment of the IT market 2014-2018.

Key Trends And Developments

IBM's latest cloud deployment in Hong Kong underlines the importance of, and opportunities from, the large financial services sector. In August 2014, IBM announced that Infocast, the Hong Kong-based financial IT supplier, selected the IBM cloud to launch its IvesTrade Securities Trading-as-a-Service. Infocast will host its trading platform at IBM SoftLayer's Hong Kong Data centre in a private cloud...

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.

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