London, 28 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the IT Market in Hong Kong 2015-2019, which is expected to grow at a CAGR of 7.60 percent during the forecast period of 2014-2019.
Many organizations in Hong Kong are increasingly adopting virtualization solutions to optimize resources and improve efficiency. Small and medium enterprises in Hong Kong are especially seeking ways to improve their network and focus on core competencies.
Moreover, rise in foreign direct investment has led to job creation and has also brought the latest technologies to the IT market in Hong Kong, enabling it to compete in the global IT environment along with other IT giants such as the US and Japan.
“Many financial, healthcare, and logistics vendors are adopting Big Data for analytical purposes and storing large volumes of consumer data,” says Faisal Ghaus, Vice President of TechNavio.
“The importance of Big Data increases with the growth of business, and it helps companies to manage their highly sensitive customer data.”
Key Market Drivers
- IT Initiatives by Government
- Increased Internet Penetration
- Investment in R&D
- Increase in Number of Data Centers
- Rise in FDI in IT Industry
Key Market Trends
- Growing Popularity of Cloud Computing
- Increased Adoption of Big Data
- Increased Adoption of Virtualized Environment
Key Market Vendors
- Cisco Systems Inc.
- Hewlett-Packard Co. (HP)
- IBM Corp.
- Microsoft Corp.
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%…
