IT Market in China 2015-2019

LONDON, Nov. 2, 2015 /PRNewswire/ -- About IT
China is witnessing increase in IT innovation and its adoption across industries. Enterprises in China have become increasingly dependent on technology and the Internet for their day-to-day functioning. This trend is expected to intensify, with IT departments becoming vital for survival and growth of organizations.

China's 12th five year plan (2011-2015) had highlighted emerging technologies, specifically information technology, as key growth drivers. The government is encouraging adoption and investment in next-generation Internet, Internet of things, triple network convergence (computer, telecom network, and cable TV), cloud computing, and high-end software and servers.

One of the key responsibilities of every CIO is to provide IT infrastructure that is agile, resilient, and secure, while keeping a close eye on costs. In this context, IT has become a key enabler that streamlines business functions.

Deployment of technology among Chinese businesses is growing rapidly and the majority of them are investing large amounts in IT, which is a positive sign for IT providers in China. Rapid advances in technology, increased government support and rise in Internet-based technologies is predicted to contribute to the growth of the market during the forecast period. Cloud computing and big data are predicted to grow at a rapid rate. Moreover, many large and medium enterprises are expected to increase their IT expenditure during the forecast period to connect with customers, enhance business processes, and expand globally.

Technavio's analysts forecast the IT market in China to grow at a CGR of 12% during the period 2014-2019.

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