Beijing, January 7, 2015 – In 2014, China’s macro economy maintained growth even under enormous pressure. The year also witnessed continuous industrial restructuring, feeble growth of overall real economy, recession of real estate market, and single digit growth of exports. Meanwhile, anti-corruption measures have also affected government spending. China’s GDP growth rate in 2014 was 7.3%, the lowest level in 24 years.
Nonetheless, considering the sheer volume of China’s GDP which is the second largest in the world, the growth rate of 7.3% is still substantial compared with those developed economies. In 2015, China will implement its economic policy, to maintain stable economic growth, nurture new economic growth points, speed up the transformation of agricultural and infrastructure development, and improve people’s livelihood. According to IDC, under the guidance of the aforementioned policy, Chinese economy will sustain steady growth in spite of further slowdown with 7% growth in GDP in 2015. In step with development trend of Chinese economy, the Chinese ICT (information technology and communications) market will continue in a “new normal state”. IDC predicts that the China ICT market in 2015 will reach USD465.6 billion, up 11.4% over 2014. Hereinto, IT market will hit USD211.8 billion with a year-on-year increase of 5.7%, and telecom service market will bring in USD253.8 billion with a year-on-year increase of 16.6%.
In order to adapt to the changing economic environment and user demands, the ICT industry is transforming from 2nd to 3rd Platform technologies. “The technological evolution of the 3rd Platform – represented by Cloud, Big Data & Analytics, Mobility and Social technologies – is accelerating. At the same time, six major technologies based on the 3rd Platform have emerged to accelerate technological and more importantly, commercial innovation of enterprises in the future.” says Ms. Kitty Fok, Managing Director, IDC China.
IDC analysts make the following 10 predictions, which are believed to be the top 10 trends from the strategic perspective: Read further