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China’s ICT market to reach US$396 billion in 2014

Anuradha Shukla | Feb. 11, 2014
The IT market will reach US$204.8 billion, according to IDC.

China's ICT (information technology and communications) market will reach US$396 billion in 2014, according to a newly released report by IDC.

The IT market will reach US$204.8 billion, and the telecommunication services market size will reach US$191.9 billion this year.

The Chinese economy witnessed a weak recovery and market fluctuations throughout 2013 and the nation's economic growth rate for 2014 is predicted to be about 7.3%.

IDC analysts predict that the 18th Third Plenary Session will boost 2014 and the future ICT market in China.

China's average annual GDP growth will reach 7.2% in 2013-2020 and the nation's GDP will reach US$18 trillion in 2020. This year marks the rise of Chinese personal IT device manufacturers and hybrid cloud and software-defined data centers (SDDC) will become a new hotspot in cloud computing.

Expansion in rural areas

IDC predicts the Chinese rural market will see penetrated deployment of smart connected devices in 2014. Enterprise mobility deployments will shift from single-point trials to multi-system projects this year.

A large number of CIOs or IT managers are considering mobility application as the next-phase key task for IT deployment; and Big Data moves from conceptual discussions to business practice in 2014.

Social business will help internal and external collaboration and the upgrading of communication platforms and traditional businesses will accelerate the pace of embracing eCommerce, at different speeds.

The ICT and vertical market competitive landscape will be defined by creative industrial solutions in 2014. The current market is shifting from the Second Platform to the Third Platform of cloud, mobility, big data and social.

"Along with the rapid growth of demand from the emerging markets for third platform products and solutions, third platform based new products and solutions will see an explosive growth, and the entire ICT ecosystem will also undergo corresponding shifts," said Kitty Fok, IDC China's managing director. "Third platform technologies will become the main driver behind the ICT growth over the next 20-25 years." 

 

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