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China's ICT Market Forecast 2014–2019

China's ICT Market Forecast 2014–2019

In 2014, China's consumer IT market reached a size of US$110.7 billion, accounting for 55.3% of the country's overall IT market. The consumer IT market will likely maintain a rather slow growth rate in the next few years, with its CAGR down to 2.4% from 2014 to 2019. The size of the business IT market stood at US$89.3 billion in 2014; however, it will maintain a steady growth in the next few years, with a CAGR of 7.2% from 2014 to 2019. "In 2014, China's ICT market attained a size of US$404.5 billion, up 11.3% over the previous year. This market was expected to grow 6.8% in 2015, with a size of US$431.9 billion. In the next few years, the transformation of traditional industries through Internet technology and China enterprises' participation in 'Belt and Road' initiatives to enter foreign markets will become the main driving forces for the development of the ICT market. The transformation of traditional industries through ICT technology will push forward the application and development of mobile Internet, cloud computing, Big Data, Internet of Things (IoT), and other emerging technologies as well as the fast development of intelligent terminals and communication services. The 'Belt and Road' policy will drive forward infrastructure construction in central and western China, thus boosting the growth of the ICT market," says Leon Xiao, senior research associate for Industry Research and Consulting at IDC China.

Please Note: Extended description available upon request.

IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
China's Economic Growth in 2014 and Forecast for 2015
Review of China's ICT Market in 2014 and Forecast for 2015
ICT Market Overview
IT Market Overview
Communication Service Market Overview
IT Product Markets Forecast and Analysis
Hardware, Software, and Service Forecast and Analysis
Hardware Product Segment Forecast and Analysis
Software Market Forecast and Analysis
IT Service Market Forecast and Analysis
Growth of Communication Service Market Segments
IT Market Forecast and Analysis by Sector
The Consumer IT Market and the Business IT Market
IT Market Forecast and Analysis for Main Sectors
Region IT Market Forecast and Analysis
Market Context
Drivers and Inhibitors
Government Policy
New Technological Development
China's Economic Slowdown
Significant Market Developments
Changes from Prior Forecast
Market Definition
Related Research

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