Recently, the International Data Corporation (IDC) released its latest "Global ICT Spending Guide: Industry and Company Size." According to IDC's forecast, by 2025, the total investment in the global information and communication technology (ICT) market will approach $5.9 trillion and is expected to increase to $7.6 trillion by 2029, with a five-year compound annual growth rate (CAGR) of 7.0%. In particular, in China, the market size is expected to approach $889.43 billion by 2029, maintaining a CAGR of 7.0% as well.
The report points out that the enterprise ICT market in China will reach $314.7 billion in 2025, an increase of 14.3% compared to 2024, and this growth rate will continue to be higher than the GDP growth rate. Starting from 2025, the annual average growth rate of the Chinese enterprise ICT market will reach 12.2%. In this process, the deployment of artificial intelligence and computing power has become an important driving force for market growth. The demand for computing power caused by generative AI has significantly increased, promoting the rapid development of the server market. IDC predicts that during the period from 2024 to 2029, the annual compound growth rate of enterprise server and storage investment in China will reach 21.7%.
In addition, with the continuous progress of domestic chips, the future development of computing power will gain more market opportunities. At the same time, artificial intelligence technology is gradually penetrating into various industries, driving the rapid growth of the public cloud infrastructure as a service (IaaS) market. According to IDC data, the annual compound growth rate of China's IaaS spending will reach 14.7%.
Regarding the international market, domestic cloud service providers are actively expanding overseas markets, especially in products and services that combine cloud and artificial intelligence. More and more cloud service companies are accelerating their layout and actively outputting the experience and technology accumulated in the domestic market.
From a technical perspective, IDC has made detailed classifications of the market, covering five technical fields and 120 sub-technical areas. The widespread application of these technologies provides broad prospects for the development of the Chinese enterprise ICT market. The report states that hardware market spending remains the largest, and it is expected to exceed $249.55 billion by 2029.
In the field of software and information services, with the acceleration of enterprise digital transformation, related demand continues to grow. It is expected that by 2029, the enterprise software market will reach $150.65 billion. The education industry is also actively exploring AI applications, promoting the rapid development of the market.
Key Points:
- 🌍 The global ICT market is expected to increase to $7.6 trillion by 2029, with a five-year compound growth rate of 7.0%.
- 🚀 The Chinese enterprise ICT market will reach $314.7 billion in 2025, mainly driven by AI and computing power demand.
- 📈 Demand in the software and information services industry continues to grow, and the market size is expected to approach $150.65 billion by 2029.
