DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/q2vcqg/telecoms_and_techn) has announced the addition of the "Telecoms and Technology Report China 1st Quarter" report to their offering.
China is the world's third-largest market after the US and Japan in terms of spending on information technology (IT). In 2012 it is likely to overtake Japan, reflecting rising demand and the strengthening of the local currency against the US dollar.
As a proportion of GDP, spending on IT in China, forecast at 2.1% in 2012, is lower than that of developed nations such as Japan (2.8%) and the US (4%). IT expenditure is expected to remain broadly steady as a proportion of China's rapidly rising GDP in 2012-16. This will reflect strong business and consumer spending on IT products and services as the economy grows wealthier and more technologically sophisticated.
China's dominant manufacturers of telecommunications equipment, Huawei and ZTE, are already global leaders, but giants in other parts of the domestic IT sector will struggle to do well abroad. Software companies are focused on domestic opportunities and face big language barriers when attempting to expand overseas, while operators in the telecoms sector are hindered by their state-owned status.
Industry List: Hardware, Telecoms and Technology, Internet, Telecoms and Technology, Software, Telecoms and Technology, Telecoms and Technology, Telecoms, Telecoms and Technology
Industry Codes (NAIC): 517
Industry Codes (SIC): 48
Key Topics Covered:
Telecoms and Technology Report China 1st Quarter
Market data at a glance
Telecoms and technology report
Telecoms and technology report: Overview
Telecoms and technology report: Telecoms
Telecoms and technology report: Internet
Telecoms and technology report: Hardware
Telecoms and technology report: Software
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