China’s big data market saw an estimate of 17 billion U.S. dollars of information technology investment in 2022, according to a report from global market research firm International Data Corporation (IDC).
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.