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This IDC study presents the dynamics of IT applications and the development trends in the manufacturing industry in China through a detailed description of major application solution markets and the competitive environment in the industry in 2007. This study also provides a five-year forecast for major IT application and solution markets and a competitive analysis of key solution vendors in the manufacturing industry in 2007. In addition, it sheds light on the China manufacturing industry's IT spending by solution type.
In 2007, the overall manufacturing IT market size was RMB 49.13 billion (US$6,447.51 million) — an increase of 20.4% over that in 2006. By 2012, the China manufacturing IT market will stand at RMB 81.73 billion (US$10.73 billion), with a 2007–2012 compound annual growth rate (CAGR) of 10.7%. In 2007, the China manufacturing IT solution market (software + software-related services) was estimated at RMB 9.46 billion (US$1,241.47 million), accounting for 48.4% of the overall manufacturing software and services market. By 2012, the overall manufacturing IT solutions market will stand at RMB 22.80 billion (US$2,992.13 million), with a 2007–2012 CAGR of 19.2%," says Stephen Gao, senior analyst, Vertical Markets, IDC China.
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