China ICT Market Size, Share, By Component (Hardware, Software, Services), By Deployment Type (On-Premise, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (BFSI, Manufacturing, Retail & E-commerce, Healthcare, Government & Public Sector, IT & Telecom, Education, Others), China ICT Market Insights, Industry Trend, Forecasts to 2035

China ICT Market Insights Forecasts to 2035

• China ICT Market Size 2024: USD 698.8 Billion
• China ICT Market Size 2035:  USD 2210.4 Billion
• China ICT Market CAGR 2024: 11.04%
• China ICT Market Segments: By Component, By Deployment Type, By Enterprise Size, and By Industry Vertical.               

The China ICT market consists of hardware (servers/stores/network products), software (software applications/virtual cloud structure/Fake AIE and commercialisation of these applications), and services (IT consultation/managed services/cybercrime protection) that create a theme of a fair digital economy, secure Digital nations, Industrial. Now the digital world has never seen a bigger company than China.

China is dominating 5G deployments, data centre investments, database automation and implementation, data storage and systems, e-commerce and websites, e.g. Alibaba, and smart and connected supply chain and manufacturers, e.g. Huawei, Alibaba, Tencent, and Bingo on time! They do this by being deployed globally by their domestic technology companies and also by several global manufacturers (Europe, North America, Australia, etc).

The China ICT market is closely regulated by government bodies such as MIIT, CAC, and NDRC to ensure data security, cybersecurity compliance, and greater technology self-reliance. At the same time, the government strongly supports the sector through major initiatives like the Digital China strategy, the 14th Five-Year Plan, Made in China 2025, and large-scale broadband and wireless infrastructure development. As a result, the ICT market in China continues to grow steadily over the long term.

Market Dynamics of the China ICT Market:

The China ICT market is driven by the booming growth of the digital economy, growth in the use of cloud computing, big data, artificial intelligence, and Internet of Things and high demand for digital transformation in both enterprises and government institutions. The role of government in supporting the growth of the market is quite influential in the Digital China strategy, the 14th Five-Year Plan, and the Made in China 2025. The growth of communication networks, digital services, and smart industries in China is quickening the continuous improvement and introduction of new technologies in 5G and the early stages of 6G, data centers, cloud infrastructure, apps that use AI, and data security products.

The market challenges are limited to rigorous data localization and cybersecurity policies, high compliance and infrastructure expenses, geopolitically restricted access to high-tech semiconductor and chip technology, and increased R&D spending on local alternatives. Besides that, the lack of skilled professionals in the field of ICT, stiff competition over AI and cloud talent, and the unequal development of the digital infrastructure between the coastal and inland areas serve as the limiting factors to a consistent market expansion.

The future of the China ICT market is encouraging, and the opportunities are growing in the domains of smart cities, industrial IoT, cloud-native transformation, the adoption of AI and edge computing, the development of advanced digital services, and the green ICT infrastructure. The long-term market growth will be maintained in the future by further investment in the digital infrastructure, the increase of cybersecurity demand, the policies, which enable rural digital inclusion, and the policies, which ensure technological self-sufficiency.

Market Segmentation

The China ICT Market share is classified into component, deployment type, enterprise size, and industry vertical.

By Component:

The China ICT market is divided by component into hardware, software, and services. Among these, the hardware segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Hardware leads the way mainly because of China's position as the world's largest producer and consumer of ICT hardware, including smartphones, PCs, servers, storage devices, networking equipment, 5G base stations, data centre infrastructure, and IoT devices driven by massive domestic demand, export strength, continuous investment in digital infrastructure, and government-led 5G/6G rollout. Thus, it remains the backbone for connectivity, data processing, and the digital economy across all sectors.

By Deployment Type:

The China ICT market is divided by deployment type into on-premise and cloud. Among these, the cloud segment is anticipated to grow at a remarkable CAGR during the forecast period. Cloud deployment is growing the fastest mainly because of rapid enterprise migration to public, private, and hybrid cloud models, significantly lower CAPEX requirements, elastic scalability to handle surging data and AI workloads, seamless integration with big data analytics, edge computing, and AI platforms, and strong government promotion of cloud-first strategies under the Digital China initiative and national data sovereignty policies.

By Enterprise Size:

The China ICT market is divided by enterprise size into large enterprises and SMEs. Among these, the large enterprises segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Large enterprises lead the way mainly because of their massive IT budgets, complex digital transformation requirements (ERP, CRM, AI platforms, cybersecurity), nationwide operations needing high-performance infrastructure, and priority access to cutting-edge technologies from domestic leaders like Huawei, Alibaba Cloud, and Tencent Cloud. Thus, they drive the adoption of advanced ICT solutions across mission-critical applications.

By Industry Vertical:

The China ICT market is divided by Industry Vertical into BFSI, Manufacturing, Retail & E-commerce, Healthcare, Government & Public Sector, IT & Telecom, Education, and Others. Among these, the manufacturing segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Manufacturing leads mainly because of China's “Made in China 2025” strategy, widespread Industry 4.0 adoption (IoT, industrial robots, smart factories, 5G-enabled automation), heavy investment in supply-chain digitization, and the enormous scale of the world's largest manufacturing base driving demand for ICT hardware, software, and services across the entire value chain.

Competitive Analysis:

The report offers the appropriate analysis of the key organisations/companies involved within the China ICT Market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Top Key Companies in China ICT Market:

• Huawei Technologies Co., Ltd.
• Alibaba Group
• Tencent Holdings Ltd.
• Baidu Inc.
• Xiaomi Corporation
• Lenovo Group Ltd.
• ZTE Corporation

Recent Developments in China ICT Market:

In April 2025, Huawei Technologies Co., Ltd. launched new AI-driven network and cloud solutions focused on 5G-Advanced and intelligent connectivity, aimed at accelerating digital infrastructure modernization across industries in China.

In March 2025, Alibaba Cloud announced the expansion of its cloud and data center infrastructure in western China, strengthening ICT capabilities for enterprise digital transformation and cloud service deployment.

In February 2025, ZTE Corporation collaborated with China Mobile (Henan Branch) to jointly showcase an AI-enabled 5G New Calling service at PT Expo China, highlighting advancements in AI integration with next-generation telecom services.

In January 2025, China Academy of Information and Communications Technology (CAICT) entered into a strategic collaboration with the United Nations Development Programme (UNDP) to support digital transformation initiatives, reinforcing China’s role in global ICT standards and international cooperation.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the China, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the China ICT Market based on the below-mentioned segments:

China ICT Market, By Component

• Hardware
• Software
• Services

China ICT Market, By Deployment Type

• On-Premise
• Cloud

China ICT Market, By Enterprise Size

• Large Enterprises
• SMEs

China ICT Market, By Industry Vertical

• BFSI
• Manufacturing
• Retail & E-commerce
• Healthcare
• Government & Public Sector
• IT & Telecom
• Education
• Others