Software Development in China - Industry Market Research Report

Software Development in China - Industry Market Research Report

Software Development in China

The Software Development industry has grown strongly over the past five years. Industry revenue is expected to increase at an annualized 6.0% over the five years through 2023, to $1.4 trillion. This trend includes anticipated revenue growth of 5.7% in the current year. Strong demand from downstream software users and the government, along with solid pricing, have supported the industry's performance over the past five years. The industry's development has also been supported and encouraged by the Chinese Government, with the government instituting several policies to support the industry. The government's 14th Five-Year Plan (2021 to 2025) listed software development as a key component, with the government encouraging innovative, technology-based reforms. This plan had supported the software industry's continued growth.

The Software Development industry in China comprises establishments that primarily provide software products, including applications software, system software and support software. Industry operators also provide software-related services, such as software design, testing, outsourcing, programming and analysis.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.