China’s Artificial Intelligence market is expected to exceed $26 billion by 2026, IDC analysts shared their insights on emerging technologies such as AI at IDC Directions China in Beijing.
Zhenshan Zhong, Vice President of IDC China, said that 2023 was expected to be the most exciting year in the world of AI, and the next-generation AI, led by generative AI, would have a profound impact on the way we live and work.
ICT vendors should partner with ICT industry leaders to leverage technology to scale their digital business to win opportunities from China’s over $2 trillion ICT spending in the next four years.
“ITC vendors should work from five dimensions: understanding the macro policy trends, grasping digital technology trends, gaining insight into changes in user needs, developing eco-tech solutions, and delivering quantitative digital value,” said Lianfeng Wu, Vice President and Chief Research Analyst, IDC China.
IDC predicts that by 2026, 40 percent of the total revenues of Global 2000 companies will come from digital products, services, and experience.
IDC shared its insights on industrial internet of things (IIoT), cybersecurity, big data, smart city, cloud computing, servers, databases, smart endpoint products, and the semiconductor industry at its IDC Directions event.