IT Services - China

  • China
  • Revenue in the IT Services market is projected to reach US$78.03bn in 2024.
  • IT Outsourcing dominates the market with a projected market volume of US$29.03bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.80%, resulting in a market volume of US$108.40bn by 2029.
  • The average Spend per Employee in the IT Services market is projected to reach US$99.14 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$522.00bn in 2024).

Key regions: United States, China, India, Japan, Germany

Region comparison

Analyst Opinion

China, a country with the world's largest population, has been experiencing a rapid growth in the IT services market.

Customer preferences:
The Chinese market has a strong preference for IT services that are cost-effective and provide high-quality solutions. Customers in China are more inclined towards customized IT solutions that cater to their specific needs. They also prefer IT services that are easily accessible and provide quick responses to their queries.

Trends in the market:
One of the significant trends in the IT services market in China is the increasing adoption of cloud computing services. With the growing demand for data storage and security, Chinese businesses are turning towards cloud-based solutions. The market has also witnessed a surge in the demand for big data analytics and artificial intelligence (AI) services. As the Chinese government continues to promote the development of AI, the market for AI services is expected to grow further. Another trend in the market is the rise of e-commerce platforms, which has led to an increase in demand for IT services that support online transactions and payment systems.

Local special circumstances:
The Chinese IT services market is unique due to the presence of large domestic players such as Huawei, Alibaba, and Tencent. These companies have a significant influence on the market and have been investing heavily in research and development to create innovative IT solutions. Additionally, the Chinese government has been promoting the development of the IT industry through various initiatives, including tax incentives and subsidies.

Underlying macroeconomic factors:
The Chinese economy has been growing at a steady pace, which has led to an increase in the demand for IT services. The country's large population and growing middle class have also contributed to the growth of the market. Furthermore, the Chinese government's focus on innovation and technology has led to increased investment in the IT industry. However, the market is also facing challenges such as increasing competition and cybersecurity concerns. In conclusion, the IT services market in China is experiencing significant growth due to the increasing demand for cloud computing, big data analytics, and e-commerce platforms. The market is unique due to the presence of large domestic players and the government's focus on promoting innovation and technology. However, the market is also facing challenges such as increasing competition and cybersecurity concerns.


Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.


  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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