Digital transformation spending forecast for China 2021-202628. July 2022
Digital transformation spending forecast for China 2021-2026
The Chinese government intends to provide massive financial support for the digital economy under the 14th Five-Year Plan. Thus, the total investment will be 15-20 trillion yuan in the next five years.
A 2021 IDC survey found that 85% of Chinese enterprises increased their financial revenue by more than 5% thanks to investment in digital transformation, and the number of enterprises that increased their revenue by more than 10% was also 48%.
Hardware still accounts for the largest share of digital transformation spending in China and will maintain a share of around 48.6% over the next five years.