IT Market in China 2015-2019
China is witnessing increase in IT innovation and its adoption across industries. Enterprises in China have become increasingly dependent on technology and the Internet for their day-to-day functioning. This trend is expected to intensify, with IT departments becoming vital for survival and growth of organizations.China's 12th five year plan (2011-2015) had highlighted emerging technologies, specifically information technology, as key growth drivers. The government is encouraging adoption and investment in next-generation Internet, Internet of things, triple network convergence (computer, telecom network, and cable TV), cloud computing, and high-end software and servers.One of the key responsibilities of every CIO is to provide IT infrastructure that is agile, resilient, and secure, while keeping a close eye on costs. In this context, IT has become a key enabler that streamlines business functions.Deployment of technology among Chinese businesses is growing rapidly and the majority of them are investing large amounts in IT, which is a positive sign for IT providers in China. Rapid advances in technology, increased government support and rise in Internet-based technologies is predicted to contribute to the growth of the market during the forecast period. Cloud computing and big data are predicted to grow at a rapid rate. Moreover, many large and medium enterprises are expected to increase their IT expenditure during the forecast period to connect with customers, enhance business processes, and expand globally.
Technavio's analysts forecast the IT market in China to grow at a CAGR of 12% during the period 2014-2019.
Covered in this Report
This report provides an overview of the IT market in China. The report includes market segmentation by products into hardware, software, and services.
Technavio's report, IT Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the IT market landscape in China and its growth prospects in the coming years. The report also includes profile of key vendors operating in this market.
Technavio Announces the Publication of its Research Report – IT Market in China 2015-2019
Technavio recognizes the following companies as the key players in the IT Market in China: HP, IBM, Lenovo, Microsoft, Oracle and Tsinghua Tongfang
Other Prominent Vendors in the market are: Accenture, Apple, AsianInfo, Beyond Soft, CA Technologies, CDC Software, Check Point Software, ChinaSoft International, Cisco Systems, CSC, Dalian Hi-Think Computer Technology, Digital China Holdings, Emc², Fujitsu, Global Infotech Holdings, Hi Sun Technology Holdings, HiSoft Technology International, Hundsun Technology, Insigma, Inspur Group, iSoftStone, Juniper Networks, Longtop, Neusoft, Pactera, SAP, Symantec, Taiji Computer, TCS, VanceInfo Technologies, WuXi AppTec and Yonyou
Commenting on the report, an analyst from Technavio’s team said: “The workforce environment has changed in China in the past few years. With constant changes in business scenarios, it is necessary for organizations to develop a mobile workforce to maintain a competitive edge over their competitors. BYOD seems to be one of the most influential trends in the IT market in China, which is reshaping the landscape of enterprises and the evolution of IT organizations. The introduction of these devices into the workplace is changing the way how users access and consume enterprise resources. It is increasingly adopted by enterprises of all sizes because it enables organizations to enhance employee satisfaction and productivity, helps to reduce hardware costs, frees up the IT resources and guests to connect to the corporate networks, and can perform basic business functions such as access the Internet, and access corporate email, calendar, and contacts.”
According to the report, the Chinese government is stroking a huge amount of support behind the development of the IT industry and it has undertaken several initiatives to elevate the growth of the IT market in the country. Projects such as e-government and IT initiatives in the BFSI, healthcare, telecom, and education sectors are predicted to provide substantial opportunities for IT vendors in China.Further, the report states that The IT market in China is fragmented, as many companies inland find it difficult to connect to their business partners and clients because business activities are concentrated on the coastal provinces; however, IT vendors are slowly moving inland.
HP, IBM, Lenovo, Microsoft, Oracle, Tsinghua Tongfang, Accenture, Apple, AsianInfo, Beyond Soft, CA Technologies, CDC Software, Check Point Software, ChinaSoft International, Cisco Systems, CSC, Dalian Hi-Think Computer Technology, Digital China Holdings, Emc², Fujitsu, Global Infotech Holdings, Hi Sun Technology Holdings, HiSoft Technology International, Hundsun Technology, Insigma, Inspur Group, iSoftStone, Juniper Networks, Longtop, Neusoft, Pactera, SAP, Symantec, Taiji Computer, TCS, VanceInfo Technologies, WuXi AppTec, Yonyou
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