Forecast Report

China Tech Market Outlook: 2012 To 2013

The Big Dragon's IT Spending Will Slow Down In 2012

October 9th, 2012
With contributors:
Dane Anderson , Michael Barnes , Andrew Bartels , Rita Xia

Summary

The European debt crisis has gradually begun to affect China, slowing economic growth in the country in the first half of 2012. To reflect this, we've revised our China tech market forecast and foresee that it will grow by 10% in local currency for 2012, compared with our previous forecast of 13%, made in January 2012. However, the expected stimulus plan should bring higher growth in IT spending by the Chinese government and businesses in 2013. In this report, Forrester evaluates the key factors affecting the IT market in China in 2012 and highlights the opportunities for tech vendors to better capture growth opportunities in the country.

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