IDC: China's business intelligence software market is expected to reach $960 million in 2022, up 22.8% year on year
Dec 12, 2022| December 12 -- China's business intelligence software market grew 24.7% year on year to $380 million in the first half of 2022, according to an IDC report released today.
The report points out that since entering 2022, enterprises have become more cautious in IT investment, and some IT projects have been delayed or suspended. It is estimated that the business intelligence software market in China for the whole year of 2022 will reach $960 million, with a year-on-year growth of 22.8%, and the market growth rate will significantly slow down compared with 2021.
Based on the latest market conditions, IDC has adjusted its next five-year market forecast data, predicting that China's business intelligence software market will reach $1.96 billion by 2026, with a market CAGR of 20.2% over the next five years, which is a slight decrease compared to the forecast data for the second half of 2021.
