IT Market in Hong Kong 2025-2029

IT Market In Hong Kong 2025-2029

The IT market in Hong Kong is forecasted to grow by USD 3702.1 million during 2024-2029, accelerating at a CAGR of 8.5% 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 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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's 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
The 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 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 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 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.


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 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Hong Kong - Market size and forecast 2024-2029 ($ million)
Data Table on Hong Kong - Market size and forecast 2024-2029 ($ million)
Chart on Hong Kong: Year-over-year growth 2024-2029 (%)
Data Table on Hong Kong: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 IT Market in Hong Kong 2019 - 2023
Historic Market Size - Data Table on IT Market in Hong Kong 2019 - 2023 ($ million)
5.2 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.3 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 AI Impact on IT Market in Hong Kong
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
8.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 Services - Market size and forecast 2024-2029
Chart on Services - Market size and forecast 2024-2029 ($ million)
Data Table on Services - Market size and forecast 2024-2029 ($ million)
Chart on Services - Year-over-year growth 2024-2029 (%)
Data Table on Services - Year-over-year growth 2024-2029 (%)
8.4 Hardware - Market size and forecast 2024-2029
Chart on Hardware - Market size and forecast 2024-2029 ($ million)
Data Table on Hardware - Market size and forecast 2024-2029 ($ million)
Chart on Hardware - Year-over-year growth 2024-2029 (%)
Data Table on Hardware - Year-over-year growth 2024-2029 (%)
8.5 Software - Market size and forecast 2024-2029
Chart on Software - Market size and forecast 2024-2029 ($ million)
Data Table on Software - Market size and forecast 2024-2029 ($ million)
Chart on Software - Year-over-year growth 2024-2029 (%)
Data Table on Software - Year-over-year growth 2024-2029 (%)
8.6 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by End-user
9.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
9.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
9.3 BFSI - Market size and forecast 2024-2029
Chart on BFSI - Market size and forecast 2024-2029 ($ million)
Data Table on BFSI - Market size and forecast 2024-2029 ($ million)
Chart on BFSI - Year-over-year growth 2024-2029 (%)
Data Table on BFSI - Year-over-year growth 2024-2029 (%)
9.4 Telecommunication - Market size and forecast 2024-2029
Chart on Telecommunication - Market size and forecast 2024-2029 ($ million)
Data Table on Telecommunication - Market size and forecast 2024-2029 ($ million)
Chart on Telecommunication - Year-over-year growth 2024-2029 (%)
Data Table on Telecommunication - Year-over-year growth 2024-2029 (%)
9.5 Industrial - Market size and forecast 2024-2029
Chart on Industrial - Market size and forecast 2024-2029 ($ million)
Data Table on Industrial - Market size and forecast 2024-2029 ($ million)
Chart on Industrial - Year-over-year growth 2024-2029 (%)
Data Table on Industrial - Year-over-year growth 2024-2029 (%)
9.6 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
9.7 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Accenture PLC
Accenture PLC - Overview
Accenture PLC - Business segments
Accenture PLC - Key news
Accenture PLC - Key offerings
Accenture PLC - Segment focus
SWOT
13.5 Alphabet Inc.
Alphabet Inc. - Overview
Alphabet Inc. - Business segments
Alphabet Inc. - Key offerings
Alphabet Inc. - Segment focus
SWOT
13.6 Deloitte Touche Tohmatsu Ltd.
Deloitte Touche Tohmatsu Ltd. - Overview
Deloitte Touche Tohmatsu Ltd. - Product / Service
Deloitte Touche Tohmatsu Ltd. - Key offerings
SWOT
13.7 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
SWOT
13.8 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
SWOT
13.9 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
SWOT
13.10 HP Inc.
HP Inc. - Overview
HP Inc. - Business segments
HP Inc. - Key news
HP Inc. - Key offerings
HP Inc. - Segment focus
SWOT
13.11 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
SWOT
13.12 Microsoft Corp.
Microsoft Corp. - Overview
Microsoft Corp. - Business segments
Microsoft Corp. - Key news
Microsoft Corp. - Key offerings
Microsoft Corp. - Segment focus
SWOT
13.13 NVIDIA Corp.
NVIDIA Corp. - Overview
NVIDIA Corp. - Business segments
NVIDIA Corp. - Key news
NVIDIA Corp. - Key offerings
NVIDIA Corp. - Segment focus
SWOT
13.14 Oracle Corp.
Oracle Corp. - Overview
Oracle Corp. - Business segments
Oracle Corp. - Key news
Oracle Corp. - Key offerings
Oracle Corp. - Segment focus
SWOT
13.15 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
SWOT
13.16 Sanesys Consultancy Co.
Sanesys Consultancy Co. - Overview
Sanesys Consultancy Co. - Product / Service
Sanesys Consultancy Co. - Key offerings
SWOT
13.17 SAP SE
SAP SE - Overview
SAP SE - Business segments
SAP SE - Key news
SAP SE - Key offerings
SAP SE - Segment focus
SWOT
13.18 Wipro Ltd.
Wipro Ltd. - Overview
Wipro Ltd. - Business segments
Wipro Ltd. - Key news
Wipro Ltd. - Key offerings
Wipro Ltd. - Segment focus
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Type
Exhibits5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits8: Overview on criticality of inputs and factors of differentiation
Exhibits9: Overview on factors of disruption
Exhibits10: Impact of drivers and challenges in 2024 and 2029
Exhibits11: Parent Market
Exhibits12: Data Table on - Parent Market
Exhibits13: Market characteristics analysis
Exhibits14: Value chain analysis
Exhibits15: Offerings of companies included in the market definition
Exhibits16: Market segments
Exhibits17: Chart on Hong Kong - Market size and forecast 2024-2029 ($ million)
Exhibits18: Data Table on Hong Kong - Market size and forecast 2024-2029 ($ million)
Exhibits19: Chart on Hong Kong: Year-over-year growth 2024-2029 (%)
Exhibits20: Data Table on Hong Kong: Year-over-year growth 2024-2029 (%)
Exhibits21: Historic Market Size - Data Table on IT Market in Hong Kong 2019 - 2023 ($ million)
Exhibits22: Historic Market Size - Type Segment 2019 - 2023 ($ million)
Exhibits23: Historic Market Size - End-user Segment 2019 - 2023 ($ million)
Exhibits24: Five forces analysis - Comparison between 2024 and 2029
Exhibits25: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits27: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits28: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits29: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits30: Chart on Market condition - Five forces 2024 and 2029
Exhibits31: Chart on Type - Market share 2024-2029 (%)
Exhibits32: Data Table on Type - Market share 2024-2029 (%)
Exhibits33: Chart on Comparison by Type
Exhibits34: Data Table on Comparison by Type
Exhibits35: Chart on Services - Market size and forecast 2024-2029 ($ million)
Exhibits36: Data Table on Services - Market size and forecast 2024-2029 ($ million)
Exhibits37: Chart on Services - Year-over-year growth 2024-2029 (%)
Exhibits38: Data Table on Services - Year-over-year growth 2024-2029 (%)
Exhibits39: Chart on Hardware - Market size and forecast 2024-2029 ($ million)
Exhibits40: Data Table on Hardware - Market size and forecast 2024-2029 ($ million)
Exhibits41: Chart on Hardware - Year-over-year growth 2024-2029 (%)
Exhibits42: Data Table on Hardware - Year-over-year growth 2024-2029 (%)
Exhibits43: Chart on Software - Market size and forecast 2024-2029 ($ million)
Exhibits44: Data Table on Software - Market size and forecast 2024-2029 ($ million)
Exhibits45: Chart on Software - Year-over-year growth 2024-2029 (%)
Exhibits46: Data Table on Software - Year-over-year growth 2024-2029 (%)
Exhibits47: Market opportunity by Type ($ million)
Exhibits48: Data Table on Market opportunity by Type ($ million)
Exhibits49: Chart on End-user - Market share 2024-2029 (%)
Exhibits50: Data Table on End-user - Market share 2024-2029 (%)
Exhibits51: Chart on Comparison by End-user
Exhibits52: Data Table on Comparison by End-user
Exhibits53: Chart on BFSI - Market size and forecast 2024-2029 ($ million)
Exhibits54: Data Table on BFSI - Market size and forecast 2024-2029 ($ million)
Exhibits55: Chart on BFSI - Year-over-year growth 2024-2029 (%)
Exhibits56: Data Table on BFSI - Year-over-year growth 2024-2029 (%)
Exhibits57: Chart on Telecommunication - Market size and forecast 2024-2029 ($ million)
Exhibits58: Data Table on Telecommunication - Market size and forecast 2024-2029 ($ million)
Exhibits59: Chart on Telecommunication - Year-over-year growth 2024-2029 (%)
Exhibits60: Data Table on Telecommunication - Year-over-year growth 2024-2029 (%)
Exhibits61: Chart on Industrial - Market size and forecast 2024-2029 ($ million)
Exhibits62: Data Table on Industrial - Market size and forecast 2024-2029 ($ million)
Exhibits63: Chart on Industrial - Year-over-year growth 2024-2029 (%)
Exhibits64: Data Table on Industrial - Year-over-year growth 2024-2029 (%)
Exhibits65: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibits66: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibits67: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits68: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits69: Market opportunity by End-user ($ million)
Exhibits70: Data Table on Market opportunity by End-user ($ million)
Exhibits71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits72: Impact of drivers and challenges in 2024 and 2029
Exhibits73: Overview on criticality of inputs and factors of differentiation
Exhibits74: Overview on factors of disruption
Exhibits75: Impact of key risks on business
Exhibits76: Companies covered
Exhibits77: Company ranking index
Exhibits78: Matrix on companies position and classification
Exhibits79: Accenture PLC - Overview
Exhibits80: Accenture PLC - Business segments
Exhibits81: Accenture PLC - Key news
Exhibits82: Accenture PLC - Key offerings
Exhibits83: Accenture PLC - Segment focus
Exhibits84: SWOT
Exhibits85: Alphabet Inc. - Overview
Exhibits86: Alphabet Inc. - Business segments
Exhibits87: Alphabet Inc. - Key offerings
Exhibits88: Alphabet Inc. - Segment focus
Exhibits89: SWOT
Exhibits90: Deloitte Touche Tohmatsu Ltd. - Overview
Exhibits91: Deloitte Touche Tohmatsu Ltd. - Product / Service
Exhibits92: Deloitte Touche Tohmatsu Ltd. - Key offerings
Exhibits93: SWOT
Exhibits94: Digital Realty Trust Inc. - Overview
Exhibits95: Digital Realty Trust Inc. - Product / Service
Exhibits96: Digital Realty Trust Inc. - Key news
Exhibits97: Digital Realty Trust Inc. - Key offerings
Exhibits98: SWOT
Exhibits99: Ernst and Young Global Ltd. - Overview
Exhibits100: Ernst and Young Global Ltd. - Product / Service
Exhibits101: Ernst and Young Global Ltd. - Key offerings
Exhibits102: SWOT
Exhibits103: HCL Technologies Ltd. - Overview
Exhibits104: HCL Technologies Ltd. - Business segments
Exhibits105: HCL Technologies Ltd. - Key news
Exhibits106: HCL Technologies Ltd. - Key offerings
Exhibits107: HCL Technologies Ltd. - Segment focus
Exhibits108: SWOT
Exhibits109: HP Inc. - Overview
Exhibits110: HP Inc. - Business segments
Exhibits111: HP Inc. - Key news
Exhibits112: HP Inc. - Key offerings
Exhibits113: HP Inc. - Segment focus
Exhibits114: SWOT
Exhibits115: International Business Machines Corp. - Overview
Exhibits116: International Business Machines Corp. - Business segments
Exhibits117: International Business Machines Corp. - Key news
Exhibits118: International Business Machines Corp. - Key offerings
Exhibits119: International Business Machines Corp. - Segment focus
Exhibits120: SWOT
Exhibits121: Microsoft Corp. - Overview
Exhibits122: Microsoft Corp. - Business segments
Exhibits123: Microsoft Corp. - Key news
Exhibits124: Microsoft Corp. - Key offerings
Exhibits125: Microsoft Corp. - Segment focus
Exhibits126: SWOT
Exhibits127: NVIDIA Corp. - Overview
Exhibits128: NVIDIA Corp. - Business segments
Exhibits129: NVIDIA Corp. - Key news
Exhibits130: NVIDIA Corp. - Key offerings
Exhibits131: NVIDIA Corp. - Segment focus
Exhibits132: SWOT
Exhibits133: Oracle Corp. - Overview
Exhibits134: Oracle Corp. - Business segments
Exhibits135: Oracle Corp. - Key news
Exhibits136: Oracle Corp. - Key offerings
Exhibits137: Oracle Corp. - Segment focus
Exhibits138: SWOT
Exhibits139: Petabytes and Beyond Technology Ltd. - Overview
Exhibits140: Petabytes and Beyond Technology Ltd. - Product / Service
Exhibits141: Petabytes and Beyond Technology Ltd. - Key offerings
Exhibits142: SWOT
Exhibits143: Sanesys Consultancy Co. - Overview
Exhibits144: Sanesys Consultancy Co. - Product / Service
Exhibits145: Sanesys Consultancy Co. - Key offerings
Exhibits146: SWOT
Exhibits147: SAP SE - Overview
Exhibits148: SAP SE - Business segments
Exhibits149: SAP SE - Key news
Exhibits150: SAP SE - Key offerings
Exhibits151: SAP SE - Segment focus
Exhibits152: SWOT
Exhibits153: Wipro Ltd. - Overview
Exhibits154: Wipro Ltd. - Business segments
Exhibits155: Wipro Ltd. - Key news
Exhibits156: Wipro Ltd. - Key offerings
Exhibits157: Wipro Ltd. - Segment focus
Exhibits158: SWOT
Exhibits159: Inclusions checklist
Exhibits160: Exclusions checklist
Exhibits161: Currency conversion rates for US$
Exhibits162: Research methodology
Exhibits163: Information sources
Exhibits164: Data validation
Exhibits165: Validation techniques employed for market sizing
Exhibits166: Data synthesis
Exhibits167: 360 degree market analysis
Exhibits168: List of abbreviations

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings