IT Market in Hong Kong 2023-2027

Hong Kong-IT Market 2023-2027
The Hong Kong-IT Market is forecasted to grow by USD 2,527.56 mn during 2022-2027, accelerating at a CAGR of 6.87% during the forecast period. The report on the Hong Kong-IT Market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased adoption of IT solutions among Hong Kong SMEs, increased adoption of cloud-based services, and increase in IT consolidation and IT modernization.

Technavio's Hong Kong-IT Market is segmented as below:

By TypeServicesHardwareSoftwareBy End-userBFSITelecommunicationIndustrialOthersThis study identifies the increasing adoption of big data solutions as one of the prime reasons driving the Hong Kong-IT Market growth during the next few years. Also, increased adoption of IT as a service and digital transformation and blockchain technology adoption will lead to sizable demand in the market.

The report on the Hong Kong-IT Market covers the following areas:IT Market sizing in Hong KongIT Market forecast in Hong KongIT Market industry analysis in Hong KongThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Hong Kong-IT Market vendors that include Accenture Plc, Alphabet Inc., Deloitte Touche Tohmatsu Ltd., Digital Realty Trust Inc., Ernst and Young Global Ltd., HCL Technologies Ltd., HP Inc., International Business Machines Corp., Microsoft Corp., NVIDIA Corp., Oracle Corp., Petabytes and Beyond Technology Ltd., Sanesys Consultancy Co., SAP SE, Siemens AG, SUNeVision Holdings Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., WebZap Technologies, and Wipro Ltd.. Also, the Hong Kong-IT Market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.