Market Report on China Information Technology

Sep, 21, 2016, Mumbai, India: Market Reports on China presents the report, on “Market Report on China Information Technology”. We reiterate that foreign vendors will be in a less favourable position to tap such growth opportunities, as local companies and national interests are fiercely guarded.

We forecast a CAGR of 8.6% for the Chinese IT market over 2016-2020. Growth will be driven by local players, and we believe nation-wide initiatives to speed up technological integration in traditional industries will provide significant support to growth, despite economic uncertainty. We highlight cloud computing and the Internet of Things (IoT) as being key to market expansion over the medium term owing to their immense potential for industrial application. That said, we reiterate that foreign vendors will be in a less favourable position to tap such growth opportunities, as local companies and national interests are fiercely guarded. "http://www.marketreportsonchina.com/technology-media-market-research-reports-1208/china-information-technology.html"

Latest Updates And Industry Developments

-Computer Hardware Sales: CNY592.1bn in 2016 to CNY735.5bn in 2020, a compound annual growth rate (CAGR) of 5.6% in local currency terms. Market maturity means growth will be slower than the decade to 2013, but rising incomes has upside for vendors to focus on higher-price and -margin PCs in the retail market.

-Software Sales: CNY100.8bn in 2016 to CNY164.5bn in 2020, a CAGR of 13.0%. Rising labour costs and broader dynamic of enterprise modernisation will underpin increased software spending, while cloud delivery models offering lower costs and more flexibility will deepen the market.

-IT Services Sales: CNY253.7bn in 2016 to CNY415.8bn in 2020, CAGR of 13.1%. Corporate investments and state support for development of Chinese cloud computing industry will drive IT services outperformance.

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