Generally, ICT refers to information and communication technology. It is an umbrella term that covers all devices or applications and the various services and applications associated with them, such as videoconferencing and distance learning.

The State of the Market

1. Market Size

With the continuous development of China’s economy and the promotion of information construction in various industries, the market scale of China’s ICT industry has been expanding in recent years. The market size of our ICT technology reached USD 705.93 billion in 2021, with a year-on-year growth of 13.3% and is expected to reach USD 800.24 billion in 2023.

2. Market Structure

At present, China's ICT technology is mainly in the field of technical services and manufacturing, among which technical services account for up to 61.7%, and the manufacturing sector represents 38.3%.

Potential of Growth 

1. Favorable Policies to Encourage the Development of ICT Applications

In 2021, The State Council issued the 14th Five-Year Digital Economy Development Plan, which pointed out the importance of digital economy and promoted the process of industrial digital transformation. In the 14th Five-Year Plan, on the solid foundation of 5G commercialization, the government actively promotes the development of 6G technology and supports the research and development of future 6G technology. ICT integrated services business will enter a new period of rapid development in view of the increasing demand for digital transformation in different industries and the continuous development of telecommunications technology.

2. Increasing Demand Drives the Industry Development

Customers from vertical industries and government sectors are increasingly demanding ICT integration service providers with extensive industry knowledge and customized services. As the IT infrastructure has been fully developed, customer demands vary according to the nature and scale of their industry. Professional and customized integration services that meet the core needs of customers have become the leading trend in the industry.

3. Technological Progress Drivers the Progress of the Industry

Telecommunications technology has evolved into the intrinsic driving force for the development of ICT-related products and services. Each evolution of telecommunications technology leads to the upgrading of telecommunications networks, which in turn triggers new demands for ICT infrastructure. The commercialization and application of 5G technology has triggered a new round of ICT infrastructure upgrading for downstream customers, which has also brought new demand for ICT integration services.

CIOE 2023 – Information and Communication Expo is the world’s most influential exhibition in information and communication industry, covering new products, technologies, and applications of the entire industry in optical chips, materials, components, modules, devices, and solutions. Over 900 manufacturers, integrators, and service providers will showcase their hot sellers such as optical devices and modules, optical communication chips and materials, optical communications system equipment, optical fiber & cable, production system equipment, etc.