IDC: it is estimated that the overall market size of China's big data will exceed 35.9 billion US dollars in 2026, ranking first in the world in terms of growth rate.

CTOnews.com, August 31, the latest IDC data show that the total IT investment in the global big data market is $217.61 billion (about 1.5 trillion yuan) in 2021, and is expected to increase to $449.11 billion (about 3.1 trillion yuan) in 2026, with a compound growth rate of about 15.6 percent (CAGR) during the five-year forecast period (2021-2026).

In the Chinese market, IDC estimates that China's big data IT expenditure is expected to be $35.95 billion (about 248.414 billion yuan) in 2026, ranking second in a single country. From a growth point of view, China's big data IT expenditure five-year CAGR of about 21.4%, ranking first in the world.

In addition, IDC predicts that IT investment in China's big data hardware market will reach US $13.72 billion (about RMB 94.805 billion) by 2026, more than double that in 2021. From the perspective of industry end-users, professional services, telecommunications, finance and the government will become the main industries of big data-related IT expenditure by 2026.