Hong Kong Information Technology Report Q3 2016 - New Study Released

From: Fast Market Research, Inc.
Published: Wed Jun 29 2016

IT spending in 2015 was dragged into a contraction by the sharp downturn in the hardware segment as tablet sales plummeted after a rapid initial diffusion of ownership, but we envisage a much more stable medium term growth outlook. We forecast total IT spending in Hong Kong will increase at a compound annual growth rate (CAGR) of 5. 6 % forecast over 2016-2020, to reach a total of HKD48.31bn. Enterprise software and services spending, particularly on cloud computing and Internet of Things solutions, will outperform. We do , however , caution that the extent of economic and political ties with China means the possibility of a hard landing is an important consideration on the downside .

Full Report Details at
- http://www.fastmr.com/prod/1188097_hong_kong_information.aspx?afid=301

Latest Updates And Industry Developments

Computer Hardware Sales: HKD10.5bn in 2016 to HKD11.5bn in 2020, a CAGR of 2.4% in local currency terms. After the boom and bust in the tablet market in recent years we envisage a smoother growth trajectory, but the composition of replacement sales by form factor will still be determined to a significant degree by vendor innovation.
Software Sales: HKD13.0bn in 2016 to HKD16.7bn in 2020, a CAGR of 6.4% in local currency terms. The financial sector will continue to be an important source of demand, while software-as-a-service (SaaS) and cybersecurity products expected to perform well across the market.
IT Services Sales: HKD15.3bn in 2016 to HKD20.1bn in 2020, a CAGR of 7.1% in local currency terms. Internet of Things, and increased adoption of infrastructure and platform cloud computing services will make IT services the outperforming segment of the IT market.

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 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).

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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