China Information Technology Report Q2 2018
The Chinese IT market is set for healthy growth in 2018 and over the course of our forecast period to 2022. A number offactors will drive positive spending in the IT market and these will include nationwide initiatives to speed up technological uptake,expansion of various industries and economic verticals under the 13th Five-Year Plan (2016-2020) and the growing IT software andservices bills of the enterprise market. Enterprise computer adoption rates remain low in the country and there is significant scopefor growth. Furthermore, the sheer size of the country and rising levels of private and government consumption will further supportIT spending across all major segments. We highlight cloud computing and the Internet of Things (IoT) as being key to marketexpansion over the medium term, owing to their immense potential for industrial application.
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