China Enterprise ICT Market Analysis and Future Outlook by Segments (Hardware, Software and IT Services)
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
The China enterprise ICT revenue is expected to increase from $494.4 billion in 2021 to $743 billion by 2026 at a CAGR greater than 8% over 2021-2026 largely due to strong institutional support for the digital economy, which already is the largest in the region. While the country’s economy is largely centered around manufacturing, the government’s push towards creating a diverse digital economy as one of the key aims under its 14th five-year plan (2021-2025) and Vision 2035, is significantly driving the demand for various ICT products and services in the country.
The China Enterprise ICT Country Intelligence Report (CIR) series provides an executive-level overview of the enterprise ICT revenue opportunity in China, with detailed forecasts of key indicators up to 2026. The report provides a detailed analysis of China’s overall enterprise ICT revenue opportunity market and its growth drivers, market trends and challenges. The report includes key macroeconomic indicators and provides an in-depth coverage of regulatory trends and government initiatives influencing the overall ICT landscape within China. It sheds focus on enterprise ICT revenue opportunity within China by solution areas and their sub-segmental analysis as well as ICT revenue opportunity across 18 industry verticals and 5 enterprise size band categories. The report also gives an indication of ICT revenue opportunities in China covering 18 ICT product/services and more than 100 categories over the forecast period 2021-2026.
China Total ICT Revenue Opportunity ($billions) 2021-2026
To gain more information on China enterprise ICT revenue opportunity, download a free sample
China Enterprise ICT Market Regulatory Highlights
14th Five-Year Plan (2021-2025) for National Economic and Social Development and Long-Range Objectives for 2035: In March 2021, the 14 five-year plan (2021-2025) for National Economic and Social Development and Long-Range Objectives for 2035 was passed in accordance with the proposal of the Central Committee of the Communist Party of China.
Made in China 2025: In 2015, the Chinese government launched Made in China 2025, a ten-year plan focused on intelligent manufacturing across ten key sectors including electric cars and new energy vehicles; information technology (IT) and telecommunications; advanced robotics and AI; agriculture; aerospace; new synthetic materials; advanced electric equipment; bio-medicine; high-end rail infrastructure, and high-tech maritime engineering. The initiative also aims at utilizing government subsidies, stimulating state-owned enterprises, and filing intellectual property to match with and outperform Western countries’ capabilities in advanced industries.
6G Launch: China envisions deploying a 6G commercial network by 2030, as mobile communication upgrades are generally done every ten years or so. With 6G network services, a large amount of data will be transmitted quickly as compared to 5G. It will also help overcome the current 5G weakness of connection issues under high-speed movement and in remote areas.
China Enterprise ICT Revenue Opportunity – Drivers, Trends, and Challenges
For more insights on drivers and challenges, download a free report sample
China Enterprise ICT Revenue Market Segmental Analysis
According to GlobalData, China’s ICT market would see the majority share of its revenue come from the IT services segment over the forecast period. The report also discusses the enterprise ICT revenue opportunity across IT software and IT hardware segments over the forecast period.
- IT Services
- IT Software
- IT Hardware
China Total ICT Revenue Opportunity ($billions) by Segment
For more insights to China ICT revenue opportunity by segment, download a free sample
China Enterprise ICT Revenue Opportunity by Vertical Analysis
According to GlobalData, manufacturing is the largest independent end-use vertical segment for ICT in China, in terms of revenue contribution, and will remain so over the forecast period.
China Total ICT Revenue Opportunity ($billions) by Verticals
To gain more information on China enterprise ICT revenue opportunity by verticals, download a free sample
China Enterprise ICT Revenue Opportunity by Enterprise Size Band
Large and very large enterprises together accounted for major portion of China’s ICT revenue in 2021. This can be primarily attributed towards the Made in China 2025 plan that aims at digitalizing 70% of large enterprises in the country by 2025. The increasing investments towards R&D activities across several ICT solution areas, including advanced robotics, AI, data analytics and cloud computing by large enterprises owing to their strong financial status will drive significant demand for ICT over the projection period.
China Total ICT Revenue Opportunity ($billions) by Enterprise Size Band
To gain more information on China enterprise ICT revenue opportunity by enterprise size band, download a free sample
IT Hardware – Segment Outlook
The IT hardware market witnessed a sharp year-on-year (YoY) growth of 15.8% between 2020 and 2021 owing to the surge in demand for hardware, peripherals, and devices to support remote working during the pandemic. China’s IT hardware market is quite mature and concentrated, as the world’s largest exporter of IT hardware such as laptops, PCs, mobile devices, etc. The country also hosts key IT hardware and device players such as Lenovo, Xiaomi, and Huawei presenting avenue of IT hardware market growth opportunities.
China Total ICT Hardware Revenue Opportunity ($billions) 2021-2026
For more insights to China ICT hardware revenue opportunity market, download a free sample
China enterprise ICT country intelligence report offers ICT revenue market indicators across the following IT hardware solution areas:
- Internet of things (IoT) hardware
- Client computing
- Storage hardware
- Servers
- Networking hardware
- Security hardware
- Artificial intelligence (AI) hardware
- Edge computing hardware
- Communications and collaboration devices
- IT Management hardware
IT Software – Segment Outlook
Enterprises across China are increasingly investing in new technologies such AI, IoT, big data, cloud computing, and blockchain aligned to government’s ambitious five-year plans and long-term digital strategies. The acceleration in digitalization government capabilities and public services has further created robust demand for IT software/applications.
China Total ICT Software Revenue Opportunity ($billions) 2021-2026
For more insights into China ICT software revenue opportunity market, download a free sample
China enterprise ICT country intelligence report offers ICT revenue market indicators across the following IT software solution areas:
- Internet of things (IoT) software
- Business process applications software
- IT management software
- Data and analytics software
- Security software
- Communications and collaboration software
- Artificial intelligence (AI) software
- Mobility software
- Cloud computing software
- Storage software
- Networking software
- Edge computing software
IT Services – Segment Outlook
China is witnessing a new wave of digital growth with industrial and manufacturing companies increasingly shifting their IT workloads to cloud. The increased reliance on cloud service providers offering IaaS, SaaS, and PaaS to support the country’s ongoing digital transformation plans along with rising adoption of AI, big data, and IoT will affect the growth in IT service investments.
China Total ICT Services Revenue Opportunity ($billions) 2021-2026
For more insights to China ICT services revenue opportunity market, download a free sample
China enterprise ICT country intelligence report offers ICT revenue market indicators across the following IT services solution areas:
- Cloud computing services
- Internet of things (IoT) services
- Networking services
- Business process outsourcing services
- Consulting & integration services
- Application development and management services
- Communications and collaboration services
- Client computing services
- Data center and hosting services
- Security services
- Storage services
- Artificial intelligence (AI) services
- Mobility services
- Servers services
- Edge computing services
China Enterprise ICT Revenue Market Overview
Market Size 2021 | $494.4 billion |
CAGR | >8% |
Forecast Period | 2021-2026 |
ICT Segment | Hardware, Software, Services |
ICT Solution Areas | Internet of Things, Cloud Computing, Networking, Client Computing, Business Process Outsourcing, Consulting and Integration Services, Application Development and Management, Business Process Applications, Communications and Collaboration, IT Management, Security, Data Center and Hosting, Storage, Data and Analytics, Servers, Artificial Intelligence, Mobility, Edge Computing |
Key End-use Verticals | Manufacturing, BFSI, Utilities, Government, Construction, and others |
Enterprise Size Band | Micro (<50), Small (51-250), Medium (251-1,000), Large (1,001-4,999) and Very Large (5,000+) |
Companies Mentioned | Microsoft, Tencent, Baidu, Foxconn, Alibaba, etc. |
China Enterprise ICT Country Intelligence Market Scope
The country intelligence report provides an in-depth analysis of the following –
- The macroeconomic and regulatory context and government initiatives in China.
- Enterprise ICT market outlook: analysis as well as historical figures and forecasts of revenue opportunities from ICT segments, ICT solution areas, end-use verticals, and enterprise size bands.
- Enterprise ICT revenue opportunity growth drivers, market trends and challenges
- IT hardware segment outlook: analysis as well as historical figures and forecasts of revenue opportunities from ICT hardware solution areas and products/services.
- IT software segment outlook: analysis as well as historical figures and forecasts of revenue opportunities from ICT software solution areas and products/services.
- IT services segment outlook: analysis as well as historical figures and forecasts of revenue opportunities from ICT services solution areas and products/services.
- Technology theme exposure: overview of key trending technology themes within a country based on activities such as company filings, deals (M&A, contracts, venture financing, etc.), job postings, patent filings and approvals, and social media mention.
- Company landscape: analysis of the market position of leading ICT providers in China market.
- Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.
Reasons to Buy
- This Country Intelligence Report offers a thorough, forward-looking analysis of China’s enterprise ICT revenue opportunity market in a concise format to help executives build proactive and profitable growth strategies.
- Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in China’s enterprise ICT market.
- The report also presents an analysis of enterprise ICT revenue opportunity by various solution areas, enterprise size band, end-use verticals, and segment over the forecast period 2021-2026.
- With more than 50 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
- The report provides an easily digestible market assessment for decision makers built around in-depth research, which enables executives to quickly get up to speed with the current and emerging trends in China’s Enterprise ICT Revenue Opportunity.
Table of Contents
Frequently asked questions
-
What was China’s enterprise ICT revenue market size in 2021?
The enterprise ICT revenue market size in China was valued at $494.4 billion in 2021.
-
What is China’s enterprise ICT revenue market growth rate?
The enterprise ICT revenue in China is expected to grow at a CAGR of more than 8% during the forecast period 2021-2026.
-
What are the key ICT revenue market drivers in China?
Government support, prominent innovation and nationally integrated network of data centers are the key market drivers for China’s ICT revenue market growth.
-
What are the key ICT segments in China?
IT services, IT hardware and IT software segments are the key ICT segments in China.
-
What are the key end-use verticals for ICT products/services in China?
Manufacturing, BFSI, Utilities, Government and Construction are the key ICT end-use verticals for ICT products/services in China.
-
Which are the ICT companies mentioned in China enterprise ICT country intelligence report?
The companies mentioned in the China enterprise ICT country intelligence report are Microsoft, Alibaba, Tencent, Baidu and Foxconn among others.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.