IDC: China's business intelligence software market is expected to reach US $960 million in 2022, a year-on-year increase of 22.8%

CTOnews.com, December 12, IDC released a report today that China's business intelligence software market was $380 million (about 2.645 billion yuan) in the first half of 2022, a year-on-year growth rate of 24.7 percent.

According to the Tuyuan Pexels report, since 2022, corporate IT investment has become more cautious, and some IT projects have been postponed or suspended. China's business intelligence software market is expected to reach US $960 million for the whole of 2022, an increase of 22.8% over the same period last year, and the market growth will slow significantly compared with 2021.

CTOnews.com learned that according to the latest market situation, IDC has adjusted its market forecast data for the next five years. It is estimated that by 2026, the size of China's business intelligence software market will reach 1.96 billion US dollars, and the market compound growth rate (CAGR) for the next five years will be 20.2%, slightly lower than the forecast data for the second half of 2021.

In addition, in the first half of 2022, the top 10 manufacturers in China's business intelligence market accounted for a total of 65.2%. The share of each manufacturer is as follows: