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

0 Comment(s)Print E-mail Xinhua, September 15, 2019
Adjust font size:
People visit a demonstration center of Guizhou big data pilot zone in Guiyang, capital of southwest China's Guizhou Province, May 25, 2017. The demonstration center is located in Guanshanhu District of Guiyang, with a construction area of 4,300 square meters. The mountainous Guizhou Province has become a pioneer in China's big data development due to a moderate climate, sufficient power supply and good network infrastructure. (Xinhua/Liu Xu)

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 U.S. dollars 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 US dollars.

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.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter