It is estimated that China’s ICT expenditure will reach 3.4 trillion yuan in 2021, with a year-on-year increase of 8.8% From IDC

The following is the It is estimated that China’s ICT expenditure will reach 3.4 trillion yuan in 2021, with a year-on-year increase of 8.8% From IDC recommended by recordtrend.com. And this article belongs to the classification: IDC.

IDC recently released the forecast and analysis of China’s ICT market, 2021-2025 (IDC #chc47364021, October 2021). The research report analyzes the overall development trend of China’s ICT market and analyzes and forecasts the market scale of various categories of ICT products of information technology (it) and communication technology (CT), It reveals the dynamics and development driving factors of China’s ICT market under the background of China’s resilient economic recovery in the epidemic and the vigorous promotion of the digital transformation of the whole society. This report can provide decision-making reference for it manufacturers, telecom operators and it channel dealers.

At present, the main driving force for the growth of China’s ICT market comes from two aspects: one is China’s stable economic growth; Second, China has vigorously promoted the digital transformation. China’s economy has developed steadily and rapidly, ensuring the stable growth of ICT expenditure; The digital transformation carried out in the whole society has gradually changed from the trial stage to the comprehensive stage. The Chinese government, including the central government and local governments, has launched policies to stimulate the digital transformation. The in-depth development of the digital transformation has directly promoted ICT expenditure, especially the emerging ICT technologies supporting the digital transformation, such as cloud computing, big data, artificial intelligence, 5g Expenses related to network security and data security. IDC predicts that by 2022, 65% of the world’s GDP will be driven by digitization, and the economy will embark on the road of digitization; From 2020 to 2023, the direct investment in digital transformation will exceed US $6.8 trillion. The report shows that China’s ICT market maintained rapid growth in 2020, and the scale of ICT expenditure reached 3.1 trillion yuan, an increase of 5.7% over the previous year. In 2021, China’s economy will continue to develop steadily, and the digital transformation will gradually enter the stage of large-scale expansion,   IDC predicts that China’s ICT expenditure will grow by 8.8% to 3.4 trillion yuan in 2021.

In the next few years, China’s digital transformation and ICT development will show the following trends:

In the next few years, China’s economy is expected to develop steadily. The 14th five year plan, new infrastructure, industrial Internet and other relevant policies launched by the Chinese government, as well as livelihood measures such as smart city, smart health care and education reform, provide fertile development soil for digital transformation and ICT development.

At the same time, the digital transformation will make breakthroughs. The government and enterprises are getting more and more profound understanding of the concept of digital transformation. The transformation and innovation will gradually enter the doubling stage. Artificial intelligence technology will continue to develop rapidly, and the industrial Internet is widely established. 3D printing, block chain, VR/AR and other technologies have been widely applied, and various robots, automatic driving systems and so on are gradually popularized. The rapid growth of new enterprises such as “Digital Native” and “cloud native”, and the construction of new scenarios for the Internet of things and 5g will become the sustainable driving force for the development of ICT market.

The Chinese government’s policies on antitrust, network environment governance and data security law provide a guarantee for the long-term and stable development of ICT in the future.

IDC predicts that the compound growth rate of China’s ICT market will be 6.3% from 2020 to 2025, and the scale of ICT market will reach 4.2 trillion yuan in 2025.

Xiao Hongliang, senior research manager of IDC China, said: “China’s whole society, from the government to enterprises, has reached a consensus on digital transformation. Chinese enterprises have moved forward in all stages of digital transformation, such as single point experiment, local promotion, extended replication, operation management and optimized innovation. Most enterprises are entering the stage of large-scale development of expanded replication, and some enterprises are entering the stage of operation management and optimized innovation , in the context of China’s stable economic development, digital transformation drives the application of various emerging technologies, and the application of emerging technologies drives the upgrading of various ICT products. Although China is still at the risk of epidemic, the resilience of the ICT market itself and as a stabilizer and driver for the development of economic resilience show a development trend of innovation and continuous upgrading. “

More reading: IDC: Global smartphone shipments in the second quarter of 2021 were 313 million, up 13.2% Gartner: ICT expenditure in the Middle East is expected to reach US $212.9 billion in 2016 IDC: Global smartphone shipments in Q3 2017 were 373.1 million, up 2.7% year-on-year IDC: China’s hyper converged storage system (HCI) in the second quarter of 2021 Market size reached USD 732 million IDC: in the first half of 2021, the shipment volume of China’s smart home device market was about 100 million units, with a year-on-year increase of 13.7% IDC: in the first half of 2021, the overall shipment volume of China’s PC display market was 15.57 million units, with a year-on-year increase of 24.7% IDC: it is expected that the shipment volume of wearable devices will be close to 800 million units in 2025 IDC: in the first half of 2021, the accelerated server market size reached USD 2.38 billion, with a year-on-year increase of 85.1% IDC: the growth of global personal computer sales was hampered by supply and logistics problems IDC: in the second quarter of 2021, China’s wearable device Market shipped 36.14 million units, with a year-on-year increase of 33.7% IDC: in the first half of 2021, China’s inkjet and laser printer consumables market shipped nearly 46.089 million units, with a year-on-year increase of 4.0% IDC: in the second quarter of 2021, China’s production-oriented printing devices were exported The volume of goods increased by 11.9% year on year IDC: in the second quarter of 2021, the shipment of China’s printing peripheral market was 4.794 million units, a year-on-year decrease of 11.9% IDC: in the second quarter of 2021, the shipment of China’s tablet computer market was about 7.15 million units, a year-on-year increase of 8.3% IDC: in 2020, the total volume of high-precision map market reached 474 million yuan, with a growth rate of 70%

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