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China's big data market to continue expansion: report
A technician checks facilities at a data center in Guiyang, Guizhou province. [Photo/Xinhua]
BEIJING -- China's big data market will continue to expand in the coming years, driven by the country's economic development and digital transformation, an industry report shows.
China's big data market saw an estimate of $17 billion of information technology investment in 2022, according to a report from global market research firm International Data Corporation.
Governments, banking, professional services and telecommunications accounted for over 60 percent of total spending in the big data market, the report states.
In terms of size, by 2026, China's big data market is expected to account for almost 8 percent of the world's total, according to the report.
The World Internet Conference (WIC) was established as an international organization on July 12, 2022, headquartered in Beijing, China. It was jointly initiated by Global System for Mobile Communication Association (GSMA), National Computer Network Emergency Response Technical Team/Coordination Center of China (CNCERT), China Internet Network Information Center (CNNIC), Alibaba Group, Tencent, and Zhijiang Lab.
