China’s economy is expected to sustain steady growth in spite of further slowdown with 7% growth in GDP in 2015, according to IDC.
In step with development trend of Chinese economy, IDC forecasts that the China ICT market will reach $465.6 billion in 2015, up 11.4% year-on-year.
IDC analysts make the following 10 predictions, which are believed to be the top 10 trends from the strategic perspective.
First, the Chinese ICT market will enter a “new normal state,” mainly from the following five aspects — the overall ICT market growth rate will slow down from high to medium-to-high; the ICT market will undergo restructuring; the 3rd Platform technologies will remain to be the engine for ICT market growth; differentiation and specialization of regional and industrial ICT market will become increasingly prominent; and domestic brands and Chinese standards will exert greater influence.
Second, the transformation of construction mode of Smart City will speed up the progress of China’s new-style urbanization. The government has issued a series of policies to attract funding, aiming to shift the construction approach from the traditional "government-dominating, market-assisting" mode to "government-leading, market-operating" mode.
Third, hot technologies will accelerate the industrial scale deployment of the Internet of Things (IoT). IDC predicts that as of 2020, China will have about 5.5 billion IoT terminals, accounting for 19% of the installed IoT terminals worldwide. The enormous market opportunity has lured many ICT manufacturers to put more investment into this field.