China's Industrial ICT Spending to Surge 9.3% Annually by 2028

China's industrial enterprises are poised for significant growth in Information and Communication Technology (ICT) spending, according to the latest forecast by the International Data Corporation (IDC). The ICT user expenditure guide predicts that by 2024, these enterprises will allocate 280.8 billion yuan to ICT, with this figure projected to surge to 401 billion yuan by 2028. This translates to a compound annual growth rate (CAGR) of 9.3%, positioning China as the global leader in ICT spending growth within the industrial sector.

The driving forces behind this robust growth are multifaceted, including stringent policy regulations and escalating business demands. Industrial enterprises are increasingly prioritizing investments in network security infrastructure, recognizing its critical role in safeguarding operations and data integrity. This trend is further underscored by IDC's report on the intelligent industrial control security audit market, which estimates a market size of approximately 8.5 billion yuan for 2024, reflecting a 5% year-on-year increase.

Key players in the intelligent industrial control security audit market include several prominent companies. These firms are at the forefront of the market, leveraging their expertise to provide cutting-edge solutions that meet the evolving needs of industrial enterprises. The competitive landscape is dynamic, with these companies continuously innovating to maintain their market positions.

IDC offers strategic recommendations for technology service providers aiming to capitalize on this growth. The advisory emphasizes the importance of deep industry engagement, suggesting that providers should integrate security products with business operations. By offering industry-specific models and solutions, and leveraging emerging trends such as large-scale models, providers can conduct targeted marketing efforts to expand their market reach. This approach not only enhances the relevance of their offerings but also ensures that they remain competitive in a rapidly evolving market.