Industry Analysis & Industry Trends
The IT Services industry has developed rapidly in the past five years due to growing domestic demand and government support. Industry revenue is expected to total $81.9 billion in 2011, up 6.3% from 2010. In the five years through 2011, industry revenue is expected to have increased at an annualized rate of 9.0%. There are expected to be almost 9,500 enterprises operating in this industry during 2011, employing 1.5 million people. Over the next five years, industry revenue is expected to grow at an annualized rate of 5.9% to total $109.0 billion in 2016.
The industry absorbs about 20.0% of China's total IT investment, lower than the proportion in developed countries (about 40.0%).... purchase to read more
Industry Report - Industry Analysis Chapter
Industry revenue is expected to total $81.9 billion in 2011, up 6.3% from 2010. Annualized growth of 9.0% in the five years through 2011 has been driven by greater information-sharing requirements and IT needs across various industries, the development of the internet, and constant upgrades and improvements in technologies. Industry revenue growth has slowed since 2008 compared with the previous three years. This is due to weaker demand from small and medium-sized enterprises because of development and expansion difficulties, and the global recession. However, demand from the financial and telecommunications sectors has remained strong... purchase to read more