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Follow on Google News | Recently released market study: Hong Kong Information Technology Report Q1 2011New Computer Technology research report from Business Monitor International is now available from Fast Market Research
IT market growth is forecast at 4% in 2011, but much will depend on continued business and consumer confidence in the economic recovery. In 2010, consumer spending remained 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 rollout of 3G mobile networks and popular converged services such as internet protocol television (IPTV), are also drivers. Industry Developments The Hong Kong government has announced that its new pan-government IT strategy has an emphasis on cloud computing in 2011. There is no specified time for rollout as officials continue to consider data privacy and security issues. In the initial phase, the emphasis is likely to be on creating some kind of private cloud to support internal communication and collaboration within the government. 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$40.82bn) Competitive Landscape 2010 saw growing enthusiasm in Hong Kong for tablet notebooks, spearheaded by Apple's iPad, which became available from mobile telecoms service provider 3, as well as authorised Hong Kong resellers and the online Apple store. Meanwhile, in Q410 rival Samsung's Galaxy Tab device was launched in Q410 with what was described as 'four-digit' pre-orders figures in the local market. Government remains an important driver of IT market opportunities. In July 2010, HP Enterprise Services announced it had signed a 10-year contract with the HKSAR government to help Hong Kong public libraries implement and provide ongoing support for a new integrated library system (ILS). Meanwhile, in November 2010, IBM announced that it had partnered with government agency the Hong Kong Productivity Council (HKPC) to launch the first cloud computing application for the education sector. One feature of the IT services competitive landscape is the increasingly aggressive move of telecoms service providers into the IT services space. In May 2010, PCCW Solutions launched its own cloud computing service. Local telecoms company PCCW has forecast the service will break even within one year, and the banking and retailing fields are seen as key areas of potential. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Hong Kong IT Industry SWOT - Hong Kong Telecoms Industry SWOT - Hong Kong Political SWOT - Hong Kong Economic SWOT - Hong Kong Business Environment SWOT IT Business Environment Ratings - Asia Asia IT Markets Overview Hong Kong Market Overview - Government Authority - Mainland China - Background - Hardware - Software - Services - End-User Analysis Industry Forecast Scenario - Table: Hong Kong's IT Industry - Historical Data & Forecasts (US$mn Unless Otherwise Stated) - Country Context - Table: Rural/Urban Breakdown, 2005-2030 - Table: Consumer Expenditure, 2000-2012 (US$) - Internet - Table: Telecoms Sector - Internet - Historical Data And Forecasts - Macroeconomic Forecast - Table: Hong Kong - Economic Activity, 2008-2015 Competitive Landscape - Hardware - Software - IT Services - Internet Competitive Landscape Company Profiles - IBM Hong Kong - HP Hong Kong - Microsoft Hong Kong - Kingdee Country Snapshot: Hong Kong Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown - Section 2: Education And Healthcare - Table: Education, 2002-2005 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 2001-2006 - Table: Consumer Expenditure, 2000-2012 (US$) - Table: Average Annual Wages, 2005-2012 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. # # # 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. End
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