New Market Research Report: Hong Kong Information Technology Report Q1 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 2015-2018 . 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 reach ing HKD 44.1 bn in 2015 , with growth of 6.7 % forecast in local currency terms.

Headline Expenditure Projections

Computer Hardware Sales: HKD13.7bn in 2014 to HKD14.3bn in 2015, +4.2% in local currency terms. The stabilisation of the tablet market in 2015 will enable a return to growth for overall hardware spending.

Software Sales: HKD12.9bn in 2014 to HKD13.7bn in 2015, +6.0% in local currency terms. The enterprise software market offers continued opportunity, particularly for SaaS and cyber-security vendors.

Full Report Details at
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IT Services Sales: HKD14.7bn in 2014 to HKD16.1bn in 2015, +9.7% in local currency terms. Increased adoption of infrastructure and platform cloud computing services will make IT services the outperforming segment of the IT market 2015-2018.

Key Trends And Developments

BMI considers Hong Kong a leading regional market for cloud computing services. Cloud adoption has increased rapidly in Hong Kong in recent years, a reflection of the strength of datacentre and network infrastructure in Hong Kong, as well as the advanced composition of enterprises in the country ie. a large financial services and technology segment where adoption rates are generally higher. The strong development of the Software-as-a-Service (SaaS) market is supported by statements from vendors. For instance, in December 2014 Microsoft reported that its Office 365 cloud suite of services in Hong...

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.

Key Benefits

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