TECH China's big data sector to continue steady growth: report

TECH

China's big data sector to continue steady growth: report

Xinhua

01:13, September 15, 2019

big data (china daily).jpg

(Photo: China Daily)

BEIJING, Sept. 14 (Xinhua) -- China's big data sector will continue to post steady expansion by 2023, driven by policy support and technology integration, said a report from the International Data Corporation (IDC).

Revenue of the domestic big data sector is predicted to reach $9.6 billion this year, and is expected to expand at a compound annual growth rate of 23.5 percent during 2019-2023, said the report.

By 2023, the size of China's big data market is estimated to hit $22.49 billion.

In 2019, traditional hardware such as server and storage will take up the lion's share of the big data market, followed by information technology services and commercial services.

With the soaring of data, the IDC predicts that artificial intelligence software platform will become the third largest sub-market of the overall big data industry by 2023, replacing commercial services.


Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue