Information Technology - Research and Markets: Hong Kong Information Technology Report Q2 2012

By - Press Release
Category - Information Technology
Source - http://www.businesswire.com

Information Technology

Business Monitor International's Hong Kong Information Technology Report provides industry professionals and strategists, corporate analysts, information technology associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Hong Kong's information technology industry. 

BMI View: Hong Kong IT spending is expected to reach US$5.5bn in 2012, up 5%, with BMI's forecast unchanged although a potential cooling of the mainland Chinese economy as a result of monetary tightening would quickly spread to Hong Kong. Key sectors of the economy such as financial services are also still investing in modernisation as Hong Kong strives to maintain its regional hub status and meet competition from regional rivals such as Shanghai. The IT market will also be sustained by initiatives encouraging the integration of Hong Kong's economy with its larger neighbour and the abolition of taxes on cross-border trade. Demand to utilise new technologies such as virtualisation and cloud computing will drive spending on IT services. 

Headline Expenditure Projections

Computer hardware sales: US$2.3bn in 2011 to US$2.5bn in 2012, 5% in US dollar terms. Forecast in US dollar terms unchanged with sales supported by demand for tablets and ultrabooks. 

Software sales: US$1.3bn in 2011 to US$1.4bn in 2012, 5% in US dollar terms. Forecast in US dollar terms unchanged as the software-as-a-service (SaaS) model enjoys increasing popularity in Hong Kong 

IT Services sales: US$1.6bn in 2011 to US$1.6bn in 2012, 5% in US dollar terms. Forecast in US dollar terms unchanged with strong sectors including financial services, government, telecoms, tourism and retail. 

Risk/Reward Ratings: Hong Kong's score was 69.4 out of 100.0. Hong Kong ranks third in a latest Asia RRR table, behind Australia and Singapore, but ahead of other regional peers such as South Korea, the Philippines and Malaysia. The country ranked only sixth for its IT Market, with a relatively modest score of 48, but its overall ranking was boosted by a high Country Structure score of 95. 

Companies Mentioned

- IBM

- Hewlett-Packard

- Microsoft Corporation

- Kingdee International Software Group 

Source - http://www.businesswire.com/news/home/20120523006153/en/Research-Markets-Hong-Kong-Information-Technology-Report