China Could Become a Huge Market for IaaS Technology, Software, and Smartphones in 2023

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Cindy Mutia Annur 22/10/2020 09:10 WIB

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According to Bain & Company research, China is predicted to become a large market for IaaS technology, software, and smartphones in 2023.

China's Booming Tech Markets in 2023 (Bain & Company, 2020)

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China Could Become a Huge Market for IaaS Technology, Software, and Smartphones in 2023

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China's Booming Tech Markets in 2023 (Bain & Company, 2020)

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Bain & Company's "Technology Report 2020: Taming the Flux" states that China will become a major market for infrastructure-as-a-service (IaaS) technology, software, and smartphones globally by 2023.

China's IaaS market is projected to reach 60% of the total global Compound Annual Growth Rate (CAGR) of US$145 billion in 2023. The country's software market is predicted to reach 13% of the total global CAGR of US$713 billion.

Furthermore, China's smartphone market is projected to reach 10% of the total global CAGR of US$465 billion. The country's PC and tablet market is predicted to reach 2% of the total global CAGR of US$236 billion.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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China Could Become a Huge Market for IaaS Technology, Software, and Smartphones in 2023

China Could Become a Huge Market for IaaS Technology, Software, and Smartphones in 2023

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China Could Become a Huge Market for IaaS Technology, Software, and Smartphones in 2023

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