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Hong Kong Information Technology Report Q4 2012

Hong Kong software market to grow to a value of $1.4 billion during 2012

Hong Kong IT spending is expected to reach US$5.5bn in 2012, with IT market growth forecast at 6%, but much will depend on continued business and consumer confidence in the economic recovery. Given the intricacies of the Hong Kong-China economic relationship, taken together with expectations of further deterioration in the mainland economy, we expect business conditions in the city to worsen.

Growth areas in 2012 will include tablets such as the new iPad, and the trend to mobility will fuel demand to utilise new technologies such as virtualisation and cloud computing. Key sectors of the economy, including 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 Kongs economy with its larger neighbour and the abolition of taxes on cross-border trade.

Headline Expenditure Projections

Computer hardware sales: US$2.3bn in 2011 to US$2.5bn in 2012, +6% in US dollar terms. Forecast in US dollar terms upwardly revised due to analyst modification, but growth areas will include demand for tablets and ultrabooks.

Software sales: US$1.3bn in 2011 to US$1.4bn in 2012, +6% in US dollar terms. Forecast in US dollar terms downwardly revised, but 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, +6% in US dollar terms. Forecast in US dollar terms downwardly revised, but with strong sectors including financial services, government, telecoms, tourism and retail.

Risk/Reward Ratings:

Hong Kongs score was 72.6 out of 100.0. Hong Kong ranks third in our latest Asia RRR table, behind Australia and Singapore, but ahead of other regional peers such as South Korea, the Philippines and Malaysia.

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