(MENAFNEditorial)
Hong Kong's position as a regional data centre and cloud services hub will sustain growth rates above those observed in the majority of developed markets globally 2015-2018 . D river s of cloud investment will be demand from Hong Kong's large financial services industry as well as opportunities for regional expansion . The cloud opportunity offsets some of the limitations of the retail market where high penetration rates will mean relatively slower growth in spending compared to emerging markets in APAC. We forecast IT spending in Hong Kong reach ing HKD 44.1 bn in 2015 with growth of 6.7 % forecast in local currency terms.
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Headline Expenditure Projections
Computer Hardware Sales: HKD13.7bn in 2014 to HKD14.3bn in 2015 +4.2% in local currency terms. The stabilisation of the tablet market in 2015 will enable a return to growth for overall hardware spending.
Software Sales: HKD12.9bn in 2014 to HKD13.7bn in 2015 +6.0% in local currency terms. The enterprise software market offers continued opportunity particularly for SaaS and cyber-security vendors.
IT Services Sales: HKD14.7bn in 2014 to HKD16.1bn in 2015 +9.7% in local currency terms. Increased adoption of infrastructure and platform cloud computing services will make IT services the outperforming segment of the IT market 2015-2018.
Key Trends And Developments
BMI considers Hong Kong a leading regional market for cloud computing services. Cloud adoption has increased rapidly in Hong Kong in recent years a reflection of the strength of datacentre and network infrastructure in Hong Kong as well as the advanced composition of enterprises in the country ie. a large financial services and technology segment where adoption rates are generally higher. The strong development of the Software-as-a-Service (SaaS) market is supported by statements from vendors. For instance in December 2014 Microsoft reported that its Office 365 cloud suite of services in Hong...
The Hong Kong Information Technology Report features Business Monitor International (BMI)'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).
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering IT regulatory changes major investments and projects and significant national and multinational company developments.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the IT sector and within the broader telecommunications political economic and business environment.
BMI Industry Forecast
Historic data series (2010-2013) and forecasts to end-2019 for all key industry and economic indicators supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
* IT Sector: Industry value (USDmn); IT sector contribution to GDP (%); value of hardware software and services industry (USDmn); PC peripherals and software imports and exports (USDmn); PC peripherals and software sales (USDmn); number of PCs (‘000); PCs per 100 inhabitants; internet users (‘000); internet users per 100 inhabitants; broadband subscribers (‘000); broadband subscribers per 100 inhabitants.
* Economy: Economic growth (%); nominal GDP (USDbn); unemployment (%); interest rates (%); exchange rate (against USD).
Information Technology Risk Reward Index
BMI’s Risk Reward Indices provide technology manufacturers service providers and IT vendors/leasing agents looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each position explained.
Country Market Overview
Structure size and value of the industry sectors including hardware software and services; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments and government authority.
BMI Macroeconomic Forecast
BMI forecasts for all headline macroeconomic indicators to end-2019 including real GDP growth inflation fiscal balance trade balance current account and external debt.
Competitive Landscape
Full analysis of the competitive landscape within the hardware software and services sectors.
Company Profiles*
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
Regional Overview
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