Research and Markets Adds Report: China Information Technology Report Q1 2012

Mar 20, 2012 (Close-Up Media via COMTEX) -- Research and Markets has announced the addition of the "China Information Technology Report Q1 2012" report to its offerings.

In a release, Research and Markets noted that report highlights include: Business Monitor International's China Information Technology Report provides industry professionals and strategists, corporate analysts, information technology associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on China's information technology industry. IT spending is forecast to reach US$124.4bn in 2012, increasing to US$192.3bn by 2016. Despite an expected moderation in investment and retail spending over the next year, an expansion in consumer credit and modernisation drive in sectors such as education, healthcare, and manufacturing will sustain market growth.

Spending growth is forecast at around 14 percent in 2012, which is a slight slowdown compared with 2011. Owing to government stimulus packages and a recovering economy, PC shipments recorded robust growth of 16 percent in 2010, and equally robust growth in 2011. However, growth has decreased slightly, owing to government economic cooling measures. Rural areas and lower-tier cities and towns will be among the fastest growing segment of the PC market.

Several factors, including a vast potential rural market, government spending, and gradual modernisation in sectors such as education, healthcare, and manufacturing will help sustain market growth. Growing interest in cloud computing will drive vendor investment and attract new players into the market and will be further stimulated by the launch of government pilot programmes.

Industry Developments The China government is driving the integration of internet, broadcasting and communications networks. The campaign has the potential to boost sales of PCs and other connectivity devices, including in smaller city markets. The government has selected a number of cities for trials, including second-tier cities such as Mianyang in Sichuan and Zhuzhou in Hunan, each with populations of around 5mn.

Read more inside China Information Technology Report Q1 2012 Companies Mentioned: -Kingdee -Dell -Lenovo -IBM China Report information: researchandmarkets.com/research/c3b45c/china_information ((Comments on this story may be sent to newsdesk@closeupmedia.com))

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