According to a survey by KPMG, up to ten per cent of IT components and software products sold globally are counterfeit, accounting for $100 billion each year, and the problem is expected to worsen over the next three to four years as manufacturers struggle to combat the growing issue.
A white paper entitled “Managing the risks of counterfeiting in the IT industry” claimed 60 per cent of global pirate production came from China because of the influx of foreign investment, the trend of outsourcing manufacture to the country, and a lack of intellectual property law enforcement.
KPMG said there would be a continuing trend towards counterfeiting in the IT industry because other sectors, such as luxury goods, had clamped down on the practice.
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