Information Technology News
- China's IT market worth 570 billion yuan
Date: 25-Jan-2007 Sources: (Xinhua Online)
China's information technology market -- software, hardware and IT services -- chalked up 570 billion yuan (73 billion U.S. dollars) of sales last year, a growth of 15.6 percent over the previous year, according to a report released Tuesday by CCID Consulting.
The market research company under the Ministry of Information Industry said software sales were up 18 percent, and 26 percent for IT services.
The report noted that product mix figures showed that software and services were eating into the dominance of hardware products in terms of market share.
According to CCID (China Center for Information Industry Development Consulting), China's IT market will continue to grow at 15 percent per year for the next five years. Sales are likely to reach 1,160 billion yuan (150 billion U.S. dollars) in 2011, by which time hardware product sales will have shrunk to 50 percent of the total.
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