IT is an integrated
platform that includes hardware, software, and service solutions. An IT
department of an organization is responsible for storing, protecting,
processing, transmitting, and retrieving information. The role of the IT
section in an organization is to integrate various business processes through
hardware, software, and services solutions and smooth the flow of information
and processes. IT also helps organizations to align their business processes
with various other technologies. It is required to develop a safe and secure
cyber environment, maintain a uniform flow of information, and help increase
the revenue generation of an organization. Awareness of these benefits is
leading several companies in China, the world’s second largest economy, to
invest heavily in IT. The rapid economic growth in the IT market in China has
encouraged many business organizations to invest in the IT sector and
contribute toward the development of IT infrastructure in the country.
Analysts forecast
the IT
market in China will grow at a
CAGR of 10.62 percent over the period 2013-2018.
The Report
recognizes the following companies as the key players in IT Market in China:
Digital China Holdings Ltd., Hewlett-Packard Co., Huawei Technologies Co. Ltd.,
IBM Corp., Lenovo Group Ltd. , Acer Inc., Amazon Web Services Inc., Apple Inc.,
ASUSTeK ComputerInc., ChinaSoft International, Cisco Systems Inc., Dell Inc.,
eBay Inc., ECS Holdings Ltd., EMC Corp., Founder Group Co. Ltd, Fujitsu Ltd.,
Google Inc., Haeir Inc., HewlettPackard Co., HiSoft Technology International
Ltd., Hitachi Solutions Ltd., Hon Hai Precision Industry Co. Ltd., IBM Corp.,
Ingram Micro Inc., Insigma Group Co. Ltd., InspurGroup Co. Ltd., Intel Corp.,
Kingdee International Software Group Co. Ltd., Kingsoft Corp. Ltd., Microsoft
Corp., NetEase Inc., Neusoft Corp., Oracle Corp., Samsung ElectronicsCo. Ltd.,
SAP AG, SAS Institute Inc., Siemens AG, Toshiba Corp., UFIDA Software Co. Ltd.,
Xiaomi Inc.
e-Commerce in China
has shown rapid development in recent years. The increased mobile and internet
penetration resulted in a large number of people resorting to online shopping
in 2013. Customers are using social media such as Facebook, Twitter, and
Instagram for online transactions. m-Commerce is also growing rapidly in the
country using the popular mobile messaging application, Line. e-Commerce is
curtailed by inhibitors such as fake goods and credit card theft. In addition,
various retailers have started offering the cash on delivery payment option,
which is likely to help customers overcome the issue of online security theft.
Currently, in China, the payment systems are safe and this might increase the
growth of e-commerce in China.
Covered in this Report
This report covers
the present scenario and the growth prospects of the IT market in China for the
period 2014-2018.
The IT market in
China is predominantly categorized into three segments: Hardware, Software, and
Services. The report also covers the IT spending across key end-user segments
and the market share analysis of the top vendors in the market.
IT Market in China
2014-2018, has been prepared based on an in-depth market analysis with inputs
from industry experts. The report covers IT market in China landscape and its
growth prospects in the coming years. The report also includes a discussion of
the key vendors operating in this market.
According to the
report, an increase in FDI in the country is expected to contribute to the
growth of the IT market in China. Many companies are investing in the country
because China has a vast domestic market, availability of low-cost labor, well-developed
infrastructure, and positive economic conditions.
Further, the report
states that concern regarding the high rate of software piracy in China is
increasing. The country is ranked among the top countries with the highest
piracy rates and the government is tightening its security measures to control
the problem.
