China It Services Market Size & Outlook, 2023-2030
China it services market, 2017-2030 (US$M)
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China it services market highlights
- The China it services market generated a revenue of USD 96,221.7 million in 2023 and is expected to reach USD 179,843.5 million by 2030.
- The China market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, reactive it services was the largest revenue generating approach in 2023.
- Proactive IT Services is the most lucrative approach segment registering the fastest growth during the forecast period.
It services market data book summary
| Market revenue in 2023 | USD 96,221.7 million |
| Market revenue in 2030 | USD 179,843.5 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Reactive it services |
| Fastest growing segment | Proactive IT Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reactive IT Services, Proactive IT Services |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, Microsoft Corp, Broadcom Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, China accounted for 7.1% of the global it services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China it services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 166,425.9 million by 2030.
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IT Services Market Scope
IT Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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China it services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to it services market will help companies and investors design strategic landscapes.
Reactive it services was the largest segment with a revenue share of 55.38% in 2023. Horizon Databook has segmented the China it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
China's information technology (IT) services industry is expanding quickly and includes a wide range of tech-related services such as software development, consultancy, and more. Over the past few decades, the nation's IT services industry has grown dramatically, propelled by factors like its sizable and talented workforce, favorable governmental regulations, and the rise of technology-driven firms.
Chinese IT firms work on developing software for a range of industries, including business solutions, mobile apps, web design, and more. Popular software and applications have been created by businesses like Tencent, Alibaba, and Baidu and are now used in China and internationally.
As China looks to position itself as a leader in the digital economy, these companies play a crucial role in supporting the growth of digital businesses and services across the country. The adoption of 4G technology has peaked in China, and the shift to 5G is underway. The increasing demand for 5G in mainland China has made it the world's most significant 5G market, with a substantial number of 5G connections.
Reasons to subscribe to China it services market databook:
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Target buyers of China it services market databook
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Our clientele includes a mix of it services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China it services market , including forecasts for subscribers. This country databook contains high-level insights into China it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China it services market size, by approach, 2017-2030 (US$M)
China IT Services Market Outlook Share, 2023 & 2030 (US$M)
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