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China ICT to reach US$ 465.6 billion in 2015

Anuradha Shukla | Jan. 8, 2015
IDC predicts China ICT market trends.

The China information and communication ( ICT) market will reach US$465.6 billion in 2015, according to a new report by IDC.

The IT market will reach US$ 211.8 billion with a year-on-year increase of 5.7%, and telecom service market will bring in US$ 253.8 billion with a year-on-year increase of 16.6%.

China will have about 5.5 billion Internet of Things (IoT) terminals by 2020 accounting for 19% of the installed IoT terminals across the globe.

Cloud services will grow continuously in 2015 and entrepreneurial companies specializing in Cloud computing will emerge as major service providers.

"The technological evolution of the 3rd  Platform - represented by Cloud, Big Data & Analytics, Mobility and Social technologies - is accelerating," said Kitty Fok, managing director, IDC China. "At the same time, six major technologies based on the 3rd Platform have emerged to accelerate technological and more importantly, commercial innovation of enterprises in the future."

Affluent Chinese consumers

The number of affluent consumers is increasing in China and in the coming years personal devices will become necessary for work, communication, and improving life quality.

In 2015 more consumers will prefer entertainment-oriented new products, like game notebook and abandon the former rigid product formats.

China's consumer IT industry witnessed disruptive changes during the past three years with the advent of smart phones, tablets and Android. This disruption ends in 2015, which is predicted to be a year of integration and innovation.

Certain vertical industries, such as banks, telecom operators and manufacturers, will strengthen internal IT teams and build software platforms.

This year, domestic manufacturers will spend more effort toward open source products. Also, there will be increasing joint-venture and cooperation between international manufacturers and domestic companies. 

 

 

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