Data for 2015 and t he forecast for 2016 were revised down in the Q216 update but our core scenario continues to be for an expanding Chinese IT market and local industry. Despite heightened uncertainty we expect a stronger growth trend in 2016 as the hardware market gains momentum and envisage a CAGR of 8.1% for 2016-2020 as a whole. A hard landing is a downside risk, but under our core scenario we envisage broad based income growth, enterprise modernisation , and government support for the IT industry, and particularly emerging technologies such as cloud computing and the internet of things will drive market expansion over the medium term. The overall outlook is positive but opportunities will not be distributed evenly and challenges for foreign vendors operating in China as it pursues its national interest will remain a factor.
Full Report Details at
Latest Updates And Industry Developments
Computer Hardware Sales: CNY592.1bn in 2016 to CNY735.5bn in 2020, a CAGR of +5.2% in local currency terms. Market maturity means growth will be slower than the decade to 2013, but rising incomes has upside for vendors to focus on higher price and margin PCs in the retail market.
Software Sales: CNY100.8bn in 2016 to CNY164.5bn in 2020, CAGR of +11.9%. Rising labour costs and broader dynamic of enterprise modernisation will underpin increased software spending, while cloud delivery models offering lower costs and more flexibility will deepen the market.
IT Services Sales: CNY253.7bn in 2016 to CNY415.8bn in 2020, CAGR of +12.7%. Corporate investments and state support for development of Chinese cloud computing industry will drive IT services outperformance.
The China 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 China 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 China.
Benchmark BMI's independent IT Industry forecasts for China to test other views - a key input for successful budgetary and strategic business planning in the Chinese IT market.
Target business opportunities and risks in China's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in China.
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)
You may also be interested in these related reports:
- Indonesia Information Technology Report Q2 2016
- Colombia Information Technology Report Q2 2016
- Argentina Information Technology Report Q2 2016
- Turkey Information Technology Report Q2 2016
- Hungary Information Technology Report Q2 2016
"China Information Technology Report Q2 2016" is now available at Fast Market Research
Contact Name: Bill Thompson
Contact Email: firstname.lastname@example.org
Contact Phone: 1-413-485-7001