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Follow on Google News | Recently released market study: Hong Kong Information Technology Report Q4 2010Fast Market Research recommends "Hong Kong Information Technology Report Q4 2010" from Business Monitor International, now available
IT market growth is forecast at 7% in 2010, but much will depend on continued business and consumer confidence in the economic recovery. In 2010, consumer spending is expected to remain strong, as evidenced by strong demand for Apple's iPad. Loan advances continued to grow strongly into May, while imports also increased. The IT market will be supported by initiatives encouraging the integration of Hong Kong's economy with mainland China and the abolition of taxes on cross-border trade. Recent integration of PCs with wireless networking technologies, as well as the roll-out of 3G mobile networks and popular converged services such as internet protocol television (IPTV), are also drivers. Industry Developments In February 2010, Hong Kong Financial Secretary John Tsang's maiden budget was broadly positive for local IT market growth, as the government looked to strengthen the economic recovery. The HKD317.2bn (US$40.82bn) Beijing made it easier for mainland Chinese residents to apply for visas, increasing the number of visitors and boosting the Hong Kong computer market during the economic slowdown. Many mainlanders visit Hong Kong to purchase notebook computers, digital cameras and other devices. The visa reform was widely perceived as a gesture to help Hong Kong fight the economic crisis. Competitive Landscape 2010 is projected to be the year of tablet notebooks, spearheaded by Apple's iPad. In July 2010, official versions of the iPad became available from mobile telecom service provider 3, as well as authorised Hong Kong resellers and the online Apple store. The iPad is relatively high priced, but seems likely to appeal to fashion-conscious early adopter Hong Kong consumers. Meanwhile the device has also won some corporate customers, including the InterContinental chain of hotels. Also in July 2010, HP Enterprise Services announced it had signed a 10-year contract with the HKSAR government to help Hong Kong public libraries implement and provide ongoing support for a new integrated library system (ILS). The Virtual ILS system is scheduled to be implemented at Hong Kong Public Library in 2011, and will include a radio frequency identification (RFID) technology to enable automated management of book borrowing rights. One feature of the IT services competitive landscape is the increasingly aggressive move of telecoms service providers into the IT services space. In May 2010, PCCW Solutions launched its own cloud computing service. Local telecoms company PCCW has forecast the service will break even within one year, and the banking and retailing fields are seen as key areas of potential. Meanwhile in January, Hong Kong Broadband Network, the broadband subsidiary of local telecoms company City Telecom, announced it had formed a partnership with I-Consulting Group to introduce managed services. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Hong Kong IT Industry SWOT - Hong Kong Telecoms Industry SWOT - Hong Kong Political SWOT - Hong Kong Economic SWOT - Hong Kong Business Environment SWOT IT Business Environment Ratings - Asia IT Business Environment Ratings - Table: Asia Pacific IT Business Environment Ratings Asia Regional IT Markets Overview Hong Kong Market Overview - Government Authority - Mainland China - Background - Hardware - Software - Services - Industry Developments Industry Forecast Scenario - Table: Hong Kong's IT Industry - Historical Data & Forecasts (US$mn Unless Otherwise Stated) - Country Context - Table: Rural/Urban Breakdown, 2005-2030 - Table: Consumer Expenditure, 2000-2012 (US$) - Internet - Table: Telecoms Sector - Internet - Historical Data & Forecasts, 2007-2014 - Macroeconomic Forecast - Hong Kong - Economic Activity Competitive Landscape - Hardware - Software - IT Services - Internet Competitive Landscape Company Profiles - IBM Hong Kong - HP Hong Kong - Microsoft Hong Kong - Kingdee BMI Methodology - How We Generate Our Industry Forecasts - IT Industry - IT Ratings - Methodology - Table: IT Business Environment Indicators - Weighting - Table: Weighting Of Components - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. 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. End
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