Hong Kong is an advanced IT market with affluent consumers and a high-value enterprise base.
Domestic growth opportunities are limited by saturation, especially in the hardware segment, but HongKong's role as a regional hub in APAC will ensure that there are growth opportunities for IT marketvendors, especially in the cloud computing market.
Latest Updates & Industry Developments
Computer Hardware Sales: HKD12.9bn in 2017 to HKD13.4bn in 2021, a CAGR of 0.9% in localcurrency terms. PC market saturation and pressure on spending due to use-case cannibalisation bysmartphones are the key factors limiting growth potential.
Software Sales: HKD13.9bn in 2017 to HKD17.5bn in 2021, a CAGR of 6.0% in local currency terms.Software investment by enterprises - especially around data analytics and the Internet of Things - will seestrong growth. There are also opportunities in cyber security solutions.