Growing Dependence of Modern Businesses on IT Fuels the Hong Kong IT Market
Albany, NY (PRWEB) February 18, 2015
The new report studies the IT market in Hong Kong and presents forecasts for the development of the same in the period from 2015 to 2019. The report is titled ‘IT Market in Hong Kong 2015-2019’.
The report looks into the historic statistics for the IT market in Hong Kong. Composed by industry experts, this report makes insightful, reliable forecasts based on the solid base of corralled historical facts. The in-depth market analysis also includes a discussion of the largest vendors in the Hong Kong IT market.
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Thanks to the detailed nature of the database and expert analysis, the report answers crucial questions such as the predicted size of the IT market in Hong Kong by the end of the forecast period, the main factors expected to help or impede the growth of the market, and key trends to exploit in the coming years. A detailed breakdown of the competitive landscape reveals the comparative positions of the key vendors and the main challenges they will have to face due to their respective market strategies. This in turn reveals the key niche areas in the Hong Kong IT market that are up for grabs for new entrants in the market.
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Information Technology, or IT, is an integrated service sector that offers various forms of data management services. Through a combination of hardware, software, and services, IT helps organizations in the retrieval, storage, processing, and transmission of various types of information. This makes it an integral part of modern businesses. Hong Kong, one of the commercial hubs of the world, relies on IT massively, and is expected to observe a steady growth in its IT market.
The growing importance of IT to Hong Kong’s financial sector is encouraging the government to step in and boost the growth of the IT market. This is expected to be a prime driver for the Hong Kong IT market in the forecast period, since the adoption of technology becomes easier when governing bodies encourage and provide support for it.
However, a lack of trained personnel capable of handling IT services competently is hurting the growth of the market. This is expected to be overcome with time, but it is expected to be a major restraint to the Hong Kong IT market during the forecast period.
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Cloud computing is expected to be a strong emerging trend in the Hong Kong IT market. The convenience of cloud services, where a cloud service vendor ‘leases out’ a certain amount of digital memory to a buyer, is increasing the demand for them in every field where data management is a key issue. This presents lucrative opportunities for new market players to exploit the Hong Kong IT market.
The report presents a comprehensive overview of the competitive landscape of the Hong Konk IT market by profiling major players such as Microsoft, IBM, Cisco Systems, HP, Acer, Accenture, Dell, Apple, Google, Kingsoft, and Lenovo.
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