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China's high-tech development

01.01.2015

The Chinese market for high-tech products will grow rapidly - these are just one of the top five predictions for the industry for 2015, which were given by analysts at IDC in a special report.

In 2015, almost 500 million smartphones will be sold in China, which is three times more than in the United States and corresponds to a third of the entire global market for these devices, IDC experts say. They estimate that China in 2015 will account for 43% of the growth in spending on information and communication technology. By the end of the year, more than 680 million people in China will be connected to the Network, which will exceed the US figure by 2,5 times. This will be facilitated by the implementation of the national Broadband China Project, which aims to provide broadband connectivity to 95% of the country's urban population. In total, in 2015, China will allocate more than $465 billion for information and communication technologies, increasing these expenditures by 11% compared to this year.

As for the other IDC predictions, they are:

Global spending on information and communication technologies will grow by 3,8% and exceed 3,8 trillion dollars, and in the segment of the "third platform", which analysts include cloud and mobile technologies, as well as social networks and big data, the growth will be 13% .

The smartphone and tablet market will reach $484 billion, accounting for 40% of the industry's turnover growth. Tablet phones will enjoy growing popularity, as a result of which their share in total smartphone sales will increase from 11% (this year's figure) to 18%.

IoT spending will exceed $1,7 trillion, up 14% from 2014, and the number of IoT devices will reach 15 billion. By the way, by 2020 these figures will increase to 3 trillion dollars and 30 billion pieces, respectively. Cisco Systems, IBM and Intel will form a joint venture to provide industrial solutions in this category.

The big data and analytics market will reach $125 billion. Wireless data transmission will become the largest segment of the telecommunications market, amounting to $536 billion in monetary terms. In combination, this segment will also be the fastest growing, demonstrating an increase of 13%.

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