During 13-16 April 2011, 01 Synergy will be exhibiting at the “HKTDC International ICT Expo 2011″. We treasure every opportunity to meet with you, our valued customer. We cordially invite you to visit us.
Our booth number is 3G-E28 in Hall 3.
To help you find us easily at the expanded Hong Kong Convention and Exhibition Centre,
please click here to view our booth location
to fix an appointment click here
The 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 to grow from around US$4.6bn in 2010 to US$5.7bn in 2014. Sales were strong in Q110, with retail demand leading the way as the economy recorded positive growth following a contraction in 2009. The government sector is expected to be the key driver, along with stronger demand from the corporate and small and medium-sized enterprise (SME) segments. IT market growth is forecast at 5% in 2010, but much will depend on continued business and consumer confidence in the economic recovery. In 2010, consumer spending is expected to remain strong, as evidenced by strong demand for Apples iPad. Private consumption grew by 6.5% in Q110, while imports also increased.
The IT market will be supported by initiatives encouraging the integration of Hong Kong’s economy with mainland China and the abolition of taxes on cross-border trade. Recent integration of PCs with wireless networking technologies, as well as the roll-out of 3G mobile networks and popular converged services such as internet protocol television (IPTV), are also drivers.
Industry Developments
In February 2010, Hong Kong Financial Secretary John Tsangs maiden budget was broadly positive for local IT market growth, as the government looked to strengthen the economic recovery. The HKD317.2bn (US$40.82bn) budget was composed of higher expenditure and one-off relief measures to support domestic demand and lower-income households. Government fiscal stimulus, including tax relief, was aimed at boosting consumer confidence. In 2009, projects being implemented by Hong Kong public sector organisations included development of a city-wide system for sharing electronic health records and an e-procurement system for the office of the Chief Information Officer. Moves to increase the number of mainland Chinese residents visiting Hong Kong by making it easier for them to apply for visas provided a boost to the Hong Kong computer market during the economic slowdown. Many mainlanders visit Hong Kong to purchase notebook computers, digital cameras and other devices. The visa reform was widely perceived as a gesture by Beijing to help Hong Kong fight the economic crisis.
Competitive Landscape
This year is projected to see the rise of tablet notebooks, spearheaded by Apples iPad. The iPad enjoyed strong sales in Hong Kong over the Easter weekend shopping period, with retailers reporting brisk sales. The units being sold had been imported unofficially and cost about 50% more than in the US market. Other vendors are expected to follow Apple in releasing net tablet devices, which have a form factor between the size of a smartphone and a netbook.
One current 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 that the service will break even within one year, and the banking and retailing fields are seen as key areas of potential.
In January, Hong Kong Broadband Network, the broadband subsidiary of local telecoms company City Telecom, announced that it had formed a partnership with I-Consulting Group to introduce managed services. Meanwhile, COL, the IT services arm of telecoms operator Wharf T&T, has launched a partnership with US software giant Oracle to deliver human resource process outsourcing.
Source:http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100819005667&newsLang=en
India has piped China to become the world’s fastest growing telecom market, thanks to the various “innovative” ways such as infrastructure sharing and network management outsourcing adopted by it that has also helped operators keep the service charge low, says a report.
Terming India as “world’s fastest growing (telecom) market”, global rating agency Moody’s today said in the past 18 months, “India’s net additions of 10 million (subscribers) per month have far outpaced China’s monthly rate of increase, now below eight million”.
About two years ago, China was having the highest number of new subscribers on a monthly basis.
“Although emerging markets with relatively low penetration continue to have above-average rates of increase in new subscribers, those numbers tend to be slowing, except in India…,” Moody’s said in a statement.
The agency said that Indian telecom players were using “innovative means such as outsourcing network management and sharing mobile infrastructure to keep costs low in extending services to under-served rural areas”.
Moody’s said mobile operators in India frequently shared base stations and partner with other firms or independent cell-tower firms in expanding coverage to under-penetrated rural areas from where much of the growth was coming.
The agency said divestment of non-core assets like selling or sharing cell phone towers as a way to control costs and optimise capital expenditure had helped Indian operators in expanding coverage.
For the telecom sector in the Asia-Pacific region, Moody’s has assigned a “stable outlook” and noted that this market presents attractive investment opportunities.
The agency said the revenue growth for the region would drop sharply by year-end 2009 from the double-digit growth rates of last five years.
However, the full-year revenue growth for the industry this year will remain marginally positive.
Revenues from voice service and SMS are expected to fall but data revenue should continue to grow, Moody’s said.
The outlook is based on expectations from telecom operators in the Asia-Pacific region across Singapore, Japan, Australia, Hong Kong, New Zealand, Philippines, South Korea, Thailand, Pakistan and Indonesia.
It did not include any Indian operator, though NTT Docomo and Singapore Telecommunications (SingTel) which have partnerships in India were included.
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