In 2020, the overall scale of the big data market in China exceeded US$10 billion for the first time, with a year-on-year growth of 15.9% over 2019, according to data from IDC.
In the long run, China's big data expenditure shows a steady growth trend as a whole, and the total market volume is expected to exceed US$20 billion in 2024, with an increase of 145% compared with that in 2019.
IDC predicts that the global big data market expenditure will reach about US$298.3 billion in 2024, and achieve a compound growth rate (CAGR) of about 10.4% in the five-year forecast period (2020-2024). Among them, big data service expenditure will maintain its dominant position at the global level, accounting for more than half of the total market.
At the same time, China's big data market has ...
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