Hong Kong Information Technology Report Q1 2016 - New Market Study Published

From: Fast Market Research, Inc.
Published: Mon Feb 01 2016

After a sharp decline in hardware spending dragged down Hong Kong's IT market in 2015 we forecast a much more stable outlook over the medium term, with a CAGR of 5.3% forecast for 2016-2019 to a total of HKD45.76bn. The volatility in the hardware market was the result of the boom and subsequent slowdown in the tablet market, as well as concentrated desktop and notebook replacement demand in 2014, but 2016-2019 dynamics will be more stable and based on income growth and replacement spending. Meanwhile, the lucrative enterprise software and services markets will continue to outperform retail spending and Hong Kong's position as a regional datacentre and cloud services hub will sustain growth rates above those observed in the majority of developed markets globally over 2016 - 2019 . There is , however , some downside, primarily from the economic and political ties with China, which introduce some uncertainty due to the potential for a hard landing .

Full Report Details at
- http://www.fastmr.com/prod/1112381_hong_kong_information.aspx?afid=301

Latest Updates And Industry Developments

Computer Hardware Sales: HKD10.1bn in 2016 to HKD11.3bn in 2019, a CAGR of +2.9% in local currency terms. A more stable growth trajectory forecast over the medium term based on household income growth and replacement sales, after the boom and bust in the tablet market derived from the rapid diffusion of ownership.
Software Sales: HKD13.0bn in 2016 to HKD15.65bn in 2019, a CAGR of +5.5% in local currency terms. Enterprise software market offers continued opportunities, particularly for SaaS and cybersecurity vendors targeting the financial services vertical.
IT Services Sales: HKD15.3bn in 2016 to HKD18.9bn in 2019, a CAGR of +6.7% in local currency terms. Increased adoption of infrastructure and platform cloud computing services will make IT services the outperforming segment of the IT market in 2016 and over the medium term to 2019.

The Hong Kong Information Technology Report features BMI Research'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

* 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

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 (1.413.485.7001 Int'l)

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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