London, 6 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the IT market in China 2015-2019, which is expected to grow at a CAGR of 12% during the forecast period of 2014-2019.
Prevalence of high-speed internet connectivity across the country is a major factor that drives growth in this market. High-speed internet connectivity aids in the growth of SMEs that emerge from the underdeveloped part of China. Investments pertaining to big data technology, cloud services, and mobility also encourage the prospects of growth in this market as they add flexibility to a company’s business operations.
“Concerns over the energy crisis have influenced the government and organizations in China to increase investment in the development of green IT solutions. Organizations are adopting green IT initiatives to curb issues such as increased carbon footprints, energy bills, and other environmental concerns. Green IT initiatives consist of three stages: assessment, planning, and implementation,” says Faisal Ghaus, Vice President of Technavio.
“These initiatives require the company to create a baseline for energy usage and carbon footprint, to develop detailed roadmaps, and implement specific technologies for green IT initiatives. As part of this initiative, organizations are seeking to use renewable raw materials, create awareness about water conservation and waste disposal, and increase energy efficiency.”
Key Market Drivers:
- Increased Government Support.
- Need for Improvement in Efficiency and Product Innovation.
- Increase in Internet-based Technologies.
Key Market Trends:
- Increased Adoption of BYOD Concepts.
- Emergence of New Technologies.
- Increasing Number of M&A.
- Increased Adoption of Green IT Solutions.
- Increased Adoption of IT by SMEs.
Key Market Vendors:
- Dell Inc.
- HP Corp.
- IBM Corp.
- Lenovo Ltd.
- Microsoft Corp.
- Oracle Corp.
- Tsinghua Tongfang Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
