DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/0e553b/china_information) has announced the addition of the "China Information Technology Report Q3 2011" report to their offering.
China IT spending is forecast to reach US$105.4bn in 2011, increasing to US$179.6bn by 2015. An expansion in consumer credit and a commitment to modernisation in sectors such as education, healthcare and manufacturing will help sustain market expansion.
Total Chinese IT spending is projected to grow at a CAGR of 14% over the five-year forecast period. Spending growth is also forecast at around 14% in 2011, which represents a slight slowdown compared with 2010. Rural areas and lower-tier cities and towns will be among the fastest growing segment of the PC market. Multinational vendors will receive a boost in 2011 from a 50% increase in import tariffs on some electronics products, such as laptops.
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 2010 launch of government pilot programmes.
Read more inside China Information Technology Report Q3 2011
Companies Mentioned:
- Positivo Informatica
- Dell (Barazil)
- Microsoft
For more information visit http://www.researchandmarkets.com/research/0e553b/china_information