{"id":407318,"date":"2024-05-16T14:26:47","date_gmt":"2024-05-16T09:26:47","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=407318"},"modified":"2024-05-16T14:26:47","modified_gmt":"2024-05-16T09:26:47","slug":"china-to-see-stable-growth-in-ict-spending-amid-ai-boom-idc","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/china-to-see-stable-growth-in-ict-spending-amid-ai-boom-idc\/","title":{"rendered":"China to see stable growth in ICT spending amid AI boom: IDC"},"content":{"rendered":"<p>China\u2019s spending on information and communications technology (ICT) is projected to experience steady growth as various industries adopt the latest wave of digital transformation driven by artificial intelligence (AI).<br \/>\nAccording to global market research firm International Data Corporation (IDC), China\u2019s ICT spending is expected to increase by 9.8 percent year-on-year in 2024, surpassing the global average by two percentage points.<\/p>\n<p>IDC further predicts that the growth rate of ICT spending in China may reach 10.2 percent year-on-year in 2025, continuing to outpace the global average.<br \/>\n\u201cWe are observing that the ICT sector is entering a new phase of transformation characterized by extensive integration of AI,\u201d said Wu Lianfeng, IDC China\u2019s vice president and chief research analyst, during the IDC Directions 2024 event held in Beijing on Wednesday.<br \/>\nAccording to Wu, many Chinese firms have prioritized leveraging AI to drive business growth.<br \/>\nIn particular, the financial sector and retail industry in China are expected to witness a compound annual growth rate of over 20 percent in spending on digital transformation from 2024 to 2027.<br \/>\nIDC also predicts strong growth in spending on generative AI in China. A recent study revealed that approximately 28 percent of the surveyed enterprises achieved a return on investment within one year after investing in generative AI.<br \/>\nIn recent years, China has been actively promoting the integration of digital technologies across various industries. The government\u2019s work report for this year announced the launch of the AI Plus initiative, aimed at boosting the development of the digital economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s spending on information and communications technology (ICT) is projected to experience steady growth as various industries adopt the latest wave of digital transformation driven by artificial intelligence (AI). According to global market research firm International Data Corporation (IDC), China\u2019s ICT spending is expected to increase by 9.8 percent year-on-year in 2024, surpassing the global [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":407328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-407318","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China to see stable growth in ICT spending amid AI boom: IDC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/china-to-see-stable-growth-in-ict-spending-amid-ai-boom-idc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China to see stable growth in ICT spending amid AI boom: IDC\" \/>\n<meta property=\"og:description\" content=\"China\u2019s spending on information and communications technology (ICT) is projected to experience steady growth as various industries adopt the latest wave of digital transformation driven by artificial intelligence (AI). According to global market research firm International Data Corporation (IDC), China\u2019s ICT spending is expected to increase by 9.8 percent year-on-year in 2024, surpassing the global [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/china-to-see-stable-growth-in-ict-spending-amid-ai-boom-idc\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-16T09:26:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2024\/05\/neural-pathways-1024x632-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"632\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" 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