New | IT sector to defy China slowdown with 8 pct growth in 2015

China is poised to record the second-fastest growth, behind India, in the US$2.3 trillion global information technology market this year, despite concerns about the mainland’s economy and speculation that the central government wants less foreign technology.

Total government and enterprise spending in information technology goods and services on the mainland is estimated to reach 807 billion yuan (HK$1.02 trillion), up 8 per cent from last year, according to the latest industry forecast published yesterday by Forrester Research.

That prediction puts the mainland strongly entrenched as the world’s third-largest information technology market, behind the United States and Japan.

The report, which excluded consumer and corporate telecommunications services spending, projected the US market to reach US$862.8 billion this year, followed by Japan at 19.9 trillion yen (HK$1.3 trillion).

India’s enterprise technology market is expected be worth 1.97 billion rupees (HK$240.3 million) this year, advancing 9.1 per cent from last year.

Research firm IDC on Tuesday released a bigger estimate for the mainland’s overall information and communications technology market, which included consumer and telecommunications services purchases. It calculated this market to be worth US$465.6 billion this year, an 11.4 per cent increase over last year.