Computer/Information Technology Equipment
- Overview
- Sub-Sector Best Prospects
- Opportunities
- Web Resources
Overview
Computer/Information Technology Equipment Market in Hong Kong
2010 |
2011 |
2012 (estimated) |
2013 (estimated) | |
Total Market Size |
2,200,000 |
2,300,000 |
2,400,000 |
2,540,700 |
Total Local Production |
3,494,000 |
5,700,000 |
6,140,000 |
6,654,000 |
Total Exports |
42,669,000 |
49,716,000 |
54,687,000 |
60,155,000 |
Total Imports |
41,375,000 |
46,316,000 |
50,947,000 |
56,041,000 |
Imports from the U.S. |
1,654,000 |
1,722,000 |
1,790,000 |
1,862,000 |
Exchange Rate: 1 USD |
7.8 |
7.8 |
7.8 |
7.8 |
Notes:
1. Unit: USD thousands.
2. Total Market Size = (Total Local Production + Total Imports) – (Total Exports)
3. Data Sources:
- Total Local Production: 5,700,000
- Total Exports: 49,716,000
- Total Imports: 46,316,000
- Imports from the U.S.: 1,722,000
Hong Kong’s IT equipment (computer and parts) imports in 2011 grew 11.9% to US$46 billion. The value of U.S. IT equipment exports to Hong Kong in 2011 was US$ 1.7 billion, representing 3.7% of Hong Kong’s total IT imports.
Although there are no official statistics on software and IT service, Business Monitor International estimated that Hong Kong’s software and IT service spending in 2010 was US$1.3 billion and US$1.6 billion, respectively.
Macau’s IT equipment imports in 2010 were approximately US$350 million.
Sub-Sector Best Prospects
For Corporate Users:
- Infrastructure as a Service: Servers, Storage, Networks, and Clients;
- Platform as a Service: Application Development Software, Application Testing Software, Application Deployment Software;
- Software/Applications as a Service: Collaboration, Enterprise Resource Management, Supply Chain Management, Customer Relationship Management, Business Analytics.
- Consulting, Training, Integration Service for end-users of Cloud Services.
For Consumers:
- Netbooks, Notebooks, tablet computers (such as the iPad), smart phones (such as iPhone),
- 3D computer devices such as 3D monitors, webcams, and digital frames etc.
- USB 3.0 specification devices.
Opportunities
Hong Kong experienced healthy growth of 12% in IT hardware spending in 2011. The total IT spending was estimated at US$5.2 billion, with US$2.3 billion in hardware, US$1.3 billion in software and US$1.6 billion in IT Services.
Key sectors of the economy such as financial services are still investing in new technologies as Hong Kong strives to maintain its regional hub status and meet competition from regional rivals such as Shanghai and Singapore.
Enterprise Resource Planning Solutions and Cloud Services will continue to gain acceptance and momentum as service providers become more effective at handling the challenges of providing public cloud computing services and organizations realize the flexibility and cost savings that are being offered.
In addition to corporate spending, an expected increase in government spending will also stimulate demand and employment. The Hong Kong Government has been one of the major driving forces behind IT development and usage in Hong Kong. In July 2011, the Hong Kong Government announced a plan to incrementally expand its cloud computing environment over the next few years. The strategy is being guided by the government’s Office of the Government Chief Information Officer (OGCIO). The proposed government cloud will include three environments: (1) a private cloud operated by the government, (2) dedicated outsourced private clouds, housed in secure data centers, and (3) public clouds. Estimated Government IT spending for the 2011/2012 fiscal year was US$730 million.
Although Hong Kong is a relatively small market for U.S. IT exports, U.S. companies should consider Hong Kong as a gateway into the mainland China market. A substantial amount of IT products imported into Hong Kong is re-exported to China. In 2011, about 70% of Hong Kong’s total exports of IT equipment (totaling US$34 billion) went to China.
Web Resources
Major Trade Shows:
International ICT Expo
Dates: April 13-16, 2012
Venue: Hong Kong Convention and Exhibition Center
Website: ictexpo.com
Associations:
Information and Software Industry Association
Contact: Ms. Satti Wong
Tel: (852) 2622-2867
Fax: (852) 2622-2731
Email: info@isia.org.hk
Website: www.isia.org.hk
Hong Kong Information Technology Federation Ltd
Contact: Francis Fong, President
Tel: (852) 2287-8001
Fax: (852) 2287-8038
Email: francis.fong@hkitf.org.hk
Website: www.hkitf.org
Hong Kong Wireless Technology Industry Association Ltd
Contact: To Cheung, Chairman
Tel: (852) 2370-3130
Fax: (852) 8208-8782
Email: contact@hkwtia.org
Website: www.hkwtia.org
Hong Kong Internet Service Providers Association
Contact: York Mok, Chairman
Tel: (852) 2803-2669
Fax: (852) 2803-2671
Email: york@hkispa.org.hk
Website: www.hkispa.org.hk
ICT Journals in Hong Kong:
TelecomAsia (www.telecomasia.net)
ComputerWorld Hong Kong (www.cw.com.hk)
Hi-Tech Weekly (best-selling Chinese language magazine) (www.hitechweekly.com)
U.S. Commercial Service Hong Kong
Contact: Ms. Fanny Chau, Commercial Specialist
Tel: (852) 2521-3721
Fax: (852) 2845-9800
Email: fanny.chau@trade.gov
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