The Market Intelligence and Consulting Institute (MIC), an arm of the Institute for Information Industry yesterday stated that components of Taiwan's technology sector including PC, network communication, semiconductor, and software are expected to see a tremendous growth momentum over the course of this year.
Most notably, the institute stated that prospects of Taiwanese fledgling software startup companies are poised to benefit from strong growth in the technology hardware sector.
According to the MIC, revenues across Taiwan's information and communication technology sector, including exports of modules is expected to reach the scale of NT$2.8 trillion (US$92.6 billion), gaining 9.9 per cent year-on-year and exceed the anticipated global average growth rate of 7.9 per cent.
In addition, following the launching of the 4G mobile broadband network in Taiwan, expected sales of smartphones is expected to surge by 12.7 per cent and reach around 292 million units in 2015.
Concurrently, buoyed by strong growth in demand for mobile devices, the global semiconductor market is anticipated to climb to the US$336.3 billion benchmark towards the end of next year, gaining 3.1 per cent year-on-year.
Furthermore, Taiwan's semiconductor sector is expected to see overall sales improve by 6 per cent year-on-year, and reach NT$2.21 trillion in 2015, propelled by strengthening demand for mobile devices including smartphones, and wearables while exceeding the forecasted performance of major international markets.
MIC senior industry consultant Shen Chu-san noted that Taiwan's technology sector is poised to emerge from the influence of turbulence and uncertainty beginning in the latter half of this year, with improving market conditions expected to persist until next year.
Sectors including semiconductors, information communication are expected to see widespread performance improvement, said Shen, while commending integration efforts observed across the Taiwan's contract manufacturing sector.
Although margins remain compressed, Taiwanese companies are evolving towards more value-added services, such as Acer's transition to the cloud computing industry amid the declining outlooks on hardware manufacturing.
Shen noted that PC and notebook computer contract manufacturing, which represents the bulk of Taiwan's technology sector this year began showing signs of recovery following consecutive years of decline.
Shen, however, stated that the previous fast paced growth in tablet computer sales have began slowing ahead of expectations.
Specifically, the MIC indicated that shipments of notebook computers this year is anticipated to reach 299 million units this year, declining slightly by 0.01 per cent year-on-year.
Shipments of enterprise-use computers next year is forecasted to decline by 1.2 per cent next year, and reach 295 million units, as demand deriving from hardware upgrade initiatives by businesses subside, according to MIC.
Overall, Taiwan's global market share for PC and notebook shipments this year declined from 2013's 86.9 per cent, to 83.6 per cent, and tumble to 79.6 per cent by the end of 2015, the lowest expected figure seen in recent years.
Meanwhile, Taiwan's global market share for tablet shipments is expected to dwindle to 35.4 percent this year, and 33.6 per cent next year, according to the MIC.
The slowing momentum in the market may be curbed by Apple's latest high profile product launching, said Shen, adding that the U.S. company's Apple Pay service may broaden new horizons in the market for processing mobile transactions and payments.
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Most notably, the institute stated that prospects of Taiwanese fledgling software startup companies are poised to benefit from strong growth in the technology hardware sector.
According to the MIC, revenues across Taiwan's information and communication technology sector, including exports of modules is expected to reach the scale of NT$2.8 trillion (US$92.6 billion), gaining 9.9 per cent year-on-year and exceed the anticipated global average growth rate of 7.9 per cent.
In addition, following the launching of the 4G mobile broadband network in Taiwan, expected sales of smartphones is expected to surge by 12.7 per cent and reach around 292 million units in 2015.
Concurrently, buoyed by strong growth in demand for mobile devices, the global semiconductor market is anticipated to climb to the US$336.3 billion benchmark towards the end of next year, gaining 3.1 per cent year-on-year.
Furthermore, Taiwan's semiconductor sector is expected to see overall sales improve by 6 per cent year-on-year, and reach NT$2.21 trillion in 2015, propelled by strengthening demand for mobile devices including smartphones, and wearables while exceeding the forecasted performance of major international markets.
MIC senior industry consultant Shen Chu-san noted that Taiwan's technology sector is poised to emerge from the influence of turbulence and uncertainty beginning in the latter half of this year, with improving market conditions expected to persist until next year.
Sectors including semiconductors, information communication are expected to see widespread performance improvement, said Shen, while commending integration efforts observed across the Taiwan's contract manufacturing sector.
Although margins remain compressed, Taiwanese companies are evolving towards more value-added services, such as Acer's transition to the cloud computing industry amid the declining outlooks on hardware manufacturing.
Shen noted that PC and notebook computer contract manufacturing, which represents the bulk of Taiwan's technology sector this year began showing signs of recovery following consecutive years of decline.
Shen, however, stated that the previous fast paced growth in tablet computer sales have began slowing ahead of expectations.
Specifically, the MIC indicated that shipments of notebook computers this year is anticipated to reach 299 million units this year, declining slightly by 0.01 per cent year-on-year.
Shipments of enterprise-use computers next year is forecasted to decline by 1.2 per cent next year, and reach 295 million units, as demand deriving from hardware upgrade initiatives by businesses subside, according to MIC.
Overall, Taiwan's global market share for PC and notebook shipments this year declined from 2013's 86.9 per cent, to 83.6 per cent, and tumble to 79.6 per cent by the end of 2015, the lowest expected figure seen in recent years.
Meanwhile, Taiwan's global market share for tablet shipments is expected to dwindle to 35.4 percent this year, and 33.6 per cent next year, according to the MIC.
The slowing momentum in the market may be curbed by Apple's latest high profile product launching, said Shen, adding that the U.S. company's Apple Pay service may broaden new horizons in the market for processing mobile transactions and payments.
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