Chinese Portable Computer Market To Witness Exponential Growth.BEIJING, China--(BUSINESS WIRE)--Nov. 23, 1999-- The Chinese portable computer market has experienced dramatic growth in the recent past. The phenomenal growth of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the coupled with expanding mobile has ignited ig·nite v. ig·nit·ed, ig·nit·ing, ig·nites v.tr. 1. a. To cause to burn. b. To set fire to. 2. To subject to great heat, especially to make luminous by heat. demand in China for portable computers. The rapidly evolving technological landscape has blurred blur v. blurred, blur·ring, blurs v.tr. 1. To make indistinct and hazy in outline or appearance; obscure. 2. To smear or stain; smudge. 3. the boundaries between market segments and will provide numerous opportunities for established market players as well as new entrants. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Frost & Sullivan's (www.frost.com) strategic new research, "Chinese Portable Computer Market," revenues for the Chinese market are expected to experience continuous growth resulting from rapid technological advancements, growing size of mobile workforce, continuous and steady growth of the economy, increased Internet usage and strong demand from small and medium-size enterprises. The market experienced 45.7 percent growth in 1998, and is expected to post a compound annual growth rate (CAGR CAGR See: Compound Annual Growth Rate ) of 18.7 percent until 2005. "Although the notebook computer A laptop computer that weighs in a range from five to seven pounds. The term originated when laptops were routinely more than 10 pounds, and those that became lighter were placed in a special "notebook" category. In practice, notebook computer and laptop computer are synonymous. segment accounted for 95 percent of the total Chinese market, the sub-notebook segment is projected to grow at a faster rate as we enter the new millennium," states Frost & Sullivan Analyst Jay Chen. "The trend toward sub-notebook portables will allow new participants to enter the markets, thus intensifying in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: competition." Frost & Sullivan predicts the Chinese market will follow global consolidation trends; consequently, the difference in prices between imported and locally made computers will narrow. Local companies will be forced to place greater emphasis on offering the latest technology and strengthening their brand names if they wish to thrive. Frost & Sullivan estimates 600,000 portable computers exist in China. A majority of these computers were purchased in the period 1996 to 1998, which indicates the rapid growth of the market, according to Chen. Advancing technology is expected to prompt replacements as well as first-time purchases. The market for portable computers in China had 34 active participants in 1998 and witnessed many mergers and acquisitions. "With new players entering the market in 1999, some of the existing smaller players may find the going tough and exit," Chen says. Frost & Sullivan is an international marketing consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a that monitors the portable computer industry for market trends, market measurements and strategies. The ongoing research is utilized to update a series of research publications and to support industry participants with customized consulting needs. Free executive summaries are available to the press. Chinese Portable Computer Markets Report: 4888-71 Publication Date: October 1999 Price: $2,950 |
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