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Hong Kong Information Technology Report Q2 2011
Business Monitor International, April 2011, Pages: 63
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.
Market Overview
The Hong Kong IT market is forecast by BMI to grow from around US$5.1bn in 2011 to US$6.3bn in 2015. Computer sales were strong in 2010, with robust retail sales leading the way. The market was boosted by procurements from the government sector and a positive economic trend, including strong growth in loan advances.
IT market growth is forecast at 8% in 2011 but much will depend on continued business and consumer confidence in the economic recovery. The Hong Kong government should continue to spend on key modernisation and informatisation initiatives as part of its Digital 21 programme. The government’s new IT plan includes an emphasis on cloud computing for 2011, with the emphasis in the initial phase likely to be on construction of some sort of private cloud.
The IT market will be supported by initiatives encouraging the integration of Hong Kong’s economy withmainland 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
There are concerns that the Chinese government’s 50% cut in tariffs on imported computers and other electronic goods, effective as of January 27 2011, could have an impact on the Hong Kong carry-trade. However, Hong Kong is likely to remain a popular electronics shopping destination for mainlanders, due to the belief that a wider range of products and newer models are on offer there. 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.
Competitive Landscape
2010 saw growing enthusiasm in Hong Kong for tablet notebooks, spearheaded by Apple’s iPad, whichbecame 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.
Computer Sales
BMI forecasts the Hong Kong computer hardware market at US$2.3bn in 2011, with 6% growth from 2010. In 2010 the market rebounded as consumer spending remained strong. The holiday factor and an influx of visitors from the mainland provided support for retail growth in the Christmas/New Year shopping period.
Computer sales are expected to maintain an upward trajectory in 2011, with robust consumer demand support by demand for tablets and a revival in corporate and SME investment. The Closer Economic Partnership Agreement with mainland China is continuing to expand horizons for smaller enterprises and encourage IT investments.
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