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It Market in Hong Kong 2024-2028

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    Report

  • 150 Pages
  • September 2024
  • Region: Hong Kong
  • TechNavio
  • ID: 5668965
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The it market in hong kong is forecasted to grow by USD 3.25 billion during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the it market in hong kong 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.

The it market in hong kong is segmented as below:

By Type

  • Services
  • Hardware
  • Software

By End-user

  • BFSI
  • Telecommunication
  • Industrial
  • Others

By Geographical Landscape

  • APAC
This study identifies the increasing adoption of big data solutions as one of the prime reasons driving the it market in hong kong 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 it market in hong kong covers the following areas:

  • It market in hong kong sizing
  • It market in hong kong forecast
  • It market in hong kong industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading it market in hong kong 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 it market in hong kong 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 report 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 primary and secondary research. 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 accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Hong Kong - Market size and forecast 2023-2028 ($ million)
Data Table on Hong Kong - Market size and forecast 2023-2028 ($ million)
Chart on Hong Kong: Year-over-year growth 2023-2028 (%)
Data Table on Hong Kong: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 IT Market in Hong Kong 2018 - 2022
Historic Market Size - Data Table on IT Market in Hong Kong 2018 - 2022 ($ million)
4.2 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
6.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
6.3 Services - Market size and forecast 2023-2028
Chart on Services - Market size and forecast 2023-2028 ($ million)
Data Table on Services - Market size and forecast 2023-2028 ($ million)
Chart on Services - Year-over-year growth 2023-2028 (%)
Data Table on Services - Year-over-year growth 2023-2028 (%)
6.4 Hardware - Market size and forecast 2023-2028
Chart on Hardware - Market size and forecast 2023-2028 ($ million)
Data Table on Hardware - Market size and forecast 2023-2028 ($ million)
Chart on Hardware - Year-over-year growth 2023-2028 (%)
Data Table on Hardware - Year-over-year growth 2023-2028 (%)
6.5 Software - Market size and forecast 2023-2028
Chart on Software - Market size and forecast 2023-2028 ($ million)
Data Table on Software - Market size and forecast 2023-2028 ($ million)
Chart on Software - Year-over-year growth 2023-2028 (%)
Data Table on Software - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
7.3 BFSI - Market size and forecast 2023-2028
Chart on BFSI - Market size and forecast 2023-2028 ($ million)
Data Table on BFSI - Market size and forecast 2023-2028 ($ million)
Chart on BFSI - Year-over-year growth 2023-2028 (%)
Data Table on BFSI - Year-over-year growth 2023-2028 (%)
7.4 Telecommunication - Market size and forecast 2023-2028
Chart on Telecommunication - Market size and forecast 2023-2028 ($ million)
Data Table on Telecommunication - Market size and forecast 2023-2028 ($ million)
Chart on Telecommunication - Year-over-year growth 2023-2028 (%)
Data Table on Telecommunication - Year-over-year growth 2023-2028 (%)
7.5 Industrial - Market size and forecast 2023-2028
Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Chart on Industrial - Year-over-year growth 2023-2028 (%)
Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Accenture Plc
Accenture Plc - Overview
Accenture Plc - Business segments
Accenture Plc - Key news
Accenture Plc - Key offerings
Accenture Plc - Segment focus
11.4 Alphabet Inc.
Alphabet Inc. - Overview
Alphabet Inc. - Business segments
Alphabet Inc. - Key offerings
Alphabet Inc. - Segment focus
11.5 Deloitte Touche Tohmatsu Ltd.
Deloitte Touche Tohmatsu Ltd. - Overview
Deloitte Touche Tohmatsu Ltd. - Product / Service
Deloitte Touche Tohmatsu Ltd. - Key news
Deloitte Touche Tohmatsu Ltd. - Key offerings
11.6 Digital Realty Trust Inc.
Digital Realty Trust Inc. - Overview
Digital Realty Trust Inc. - Product / Service
Digital Realty Trust Inc. - Key news
Digital Realty Trust Inc. - Key offerings
11.7 Ernst and Young Global Ltd.
Ernst and Young Global Ltd. - Overview
Ernst and Young Global Ltd. - Product / Service
Ernst and Young Global Ltd. - Key offerings
11.8 HCL Technologies Ltd.
HCL Technologies Ltd. - Overview
HCL Technologies Ltd. - Business segments
HCL Technologies Ltd. - Key news
HCL Technologies Ltd. - Key offerings
HCL Technologies Ltd. - Segment focus
11.9 HP Inc.
HP Inc. - Overview
HP Inc. - Business segments
HP Inc. - Key news
HP Inc. - Key offerings
HP Inc. - Segment focus
11.10 International Business Machines Corp.
International Business Machines Corp. - Overview
International Business Machines Corp. - Business segments
International Business Machines Corp. - Key news
International Business Machines Corp. - Key offerings
International Business Machines Corp. - Segment focus
11.11 Microsoft Corp.
Microsoft Corp. - Overview
Microsoft Corp. - Business segments
Microsoft Corp. - Key news
Microsoft Corp. - Key offerings
Microsoft Corp. - Segment focus
11.12 NVIDIA Corp.
NVIDIA Corp. - Overview
NVIDIA Corp. - Business segments
NVIDIA Corp. - Key news
NVIDIA Corp. - Key offerings
NVIDIA Corp. - Segment focus
11.13 Oracle Corp.
Oracle Corp. - Overview
Oracle Corp. - Business segments
Oracle Corp. - Key news
Oracle Corp. - Key offerings
Oracle Corp. - Segment focus
11.14 Petabytes and Beyond Technology Ltd.
Petabytes and Beyond Technology Ltd. - Overview
Petabytes and Beyond Technology Ltd. - Product / Service
Petabytes and Beyond Technology Ltd. - Key offerings
11.15 Sanesys Consultancy Co.
Sanesys Consultancy Co. - Overview
Sanesys Consultancy Co. - Product / Service
Sanesys Consultancy Co. - Key offerings
11.16 SAP SE
SAP SE - Overview
SAP SE - Business segments
SAP SE - Key news
SAP SE - Key offerings
SAP SE - Segment focus
11.17 Wipro Ltd.
Wipro Ltd. - Overview
Wipro Ltd. - Business segments
Wipro Ltd. - Key news
Wipro Ltd. - Key offerings
Wipro Ltd. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Hong Kong - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on Hong Kong - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on Hong Kong: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on Hong Kong: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on IT Market in Hong Kong 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Type - Market share 2023-2028 (%)
Exhibits 28: Data Table on Type - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Type
Exhibits 30: Data Table on Comparison by Type
Exhibits 31: Chart on Services - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Services - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Services - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Services - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Hardware - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Hardware - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Hardware - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Hardware - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Software - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Software - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Software - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Software - Year-over-year growth 2023-2028 (%)
Exhibits 43: Market opportunity by Type ($ million)
Exhibits 44: Data Table on Market opportunity by Type ($ million)
Exhibits 45: Chart on End-user - Market share 2023-2028 (%)
Exhibits 46: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 47: Chart on Comparison by End-user
Exhibits 48: Data Table on Comparison by End-user
Exhibits 49: Chart on BFSI - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on BFSI - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on BFSI - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on BFSI - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Telecommunication - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Telecommunication - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Telecommunication - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Telecommunication - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 65: Market opportunity by End-user ($ million)
Exhibits 66: Data Table on Market opportunity by End-user ($ million)
Exhibits 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 68: Impact of drivers and challenges in 2023 and 2028
Exhibits 69: Overview on criticality of inputs and factors of differentiation
Exhibits 70: Overview on factors of disruption
Exhibits 71: Impact of key risks on business
Exhibits 72: Companies covered
Exhibits 73: Matrix on companies position and classification
Exhibits 74: Accenture Plc - Overview
Exhibits 75: Accenture Plc - Business segments
Exhibits 76: Accenture Plc - Key news
Exhibits 77: Accenture Plc - Key offerings
Exhibits 78: Accenture Plc - Segment focus
Exhibits 79: Alphabet Inc. - Overview
Exhibits 80: Alphabet Inc. - Business segments
Exhibits 81: Alphabet Inc. - Key offerings
Exhibits 82: Alphabet Inc. - Segment focus
Exhibits 83: Deloitte Touche Tohmatsu Ltd. - Overview
Exhibits 84: Deloitte Touche Tohmatsu Ltd. - Product / Service
Exhibits 85: Deloitte Touche Tohmatsu Ltd. - Key news
Exhibits 86: Deloitte Touche Tohmatsu Ltd. - Key offerings
Exhibits 87: Digital Realty Trust Inc. - Overview
Exhibits 88: Digital Realty Trust Inc. - Product / Service
Exhibits 89: Digital Realty Trust Inc. - Key news
Exhibits 90: Digital Realty Trust Inc. - Key offerings
Exhibits 91: Ernst and Young Global Ltd. - Overview
Exhibits 92: Ernst and Young Global Ltd. - Product / Service
Exhibits 93: Ernst and Young Global Ltd. - Key offerings
Exhibits 94: HCL Technologies Ltd. - Overview
Exhibits 95: HCL Technologies Ltd. - Business segments
Exhibits 96: HCL Technologies Ltd. - Key news
Exhibits 97: HCL Technologies Ltd. - Key offerings
Exhibits 98: HCL Technologies Ltd. - Segment focus
Exhibits 99: HP Inc. - Overview
Exhibits 100: HP Inc. - Business segments
Exhibits 101: HP Inc. - Key news
Exhibits 102: HP Inc. - Key offerings
Exhibits 103: HP Inc. - Segment focus
Exhibits 104: International Business Machines Corp. - Overview
Exhibits 105: International Business Machines Corp. - Business segments
Exhibits 106: International Business Machines Corp. - Key news
Exhibits 107: International Business Machines Corp. - Key offerings
Exhibits 108: International Business Machines Corp. - Segment focus
Exhibits 109: Microsoft Corp. - Overview
Exhibits 110: Microsoft Corp. - Business segments
Exhibits 111: Microsoft Corp. - Key news
Exhibits 112: Microsoft Corp. - Key offerings
Exhibits 113: Microsoft Corp. - Segment focus
Exhibits 114: NVIDIA Corp. - Overview
Exhibits 115: NVIDIA Corp. - Business segments
Exhibits 116: NVIDIA Corp. - Key news
Exhibits 117: NVIDIA Corp. - Key offerings
Exhibits 118: NVIDIA Corp. - Segment focus
Exhibits 119: Oracle Corp. - Overview
Exhibits 120: Oracle Corp. - Business segments
Exhibits 121: Oracle Corp. - Key news
Exhibits 122: Oracle Corp. - Key offerings
Exhibits 123: Oracle Corp. - Segment focus
Exhibits 124: Petabytes and Beyond Technology Ltd. - Overview
Exhibits 125: Petabytes and Beyond Technology Ltd. - Product / Service
Exhibits 126: Petabytes and Beyond Technology Ltd. - Key offerings
Exhibits 127: Sanesys Consultancy Co. - Overview
Exhibits 128: Sanesys Consultancy Co. - Product / Service
Exhibits 129: Sanesys Consultancy Co. - Key offerings
Exhibits 130: SAP SE - Overview
Exhibits 131: SAP SE - Business segments
Exhibits 132: SAP SE - Key news
Exhibits 133: SAP SE - Key offerings
Exhibits 134: SAP SE - Segment focus
Exhibits 135: Wipro Ltd. - Overview
Exhibits 136: Wipro Ltd. - Business segments
Exhibits 137: Wipro Ltd. - Key news
Exhibits 138: Wipro Ltd. - Key offerings
Exhibits 139: Wipro Ltd. - Segment focus
Exhibits 140: Inclusions checklist
Exhibits 141: Exclusions checklist
Exhibits 142: Currency conversion rates for US$
Exhibits 143: Research methodology
Exhibits 144: Information sources
Exhibits 145: Data validation
Exhibits 146: Validation techniques employed for market sizing
Exhibits 147: Data synthesis
Exhibits 148: 360 degree market analysis
Exhibits 149: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the IT market in Hong Kong: 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..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing adoption of big data solutions."

According to the report, one of the major drivers for this market is the increased adoption of it solutions among Hong Kong smes.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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
  • Wipro Ltd.