China's big data market to continue expansion: report

A staff member watches a video at the exhibition center of the national big data comprehensive pilot zone in southwest China's Guizhou Province, May 26, 2022. (Xinhua/Ou Dongqu)

BEIJING, April 8 (Xinhua) -- China's big data market will continue to expand in the coming years, driven by the country's economic development and digital transformation, an industry report shows.

China's big data market saw an estimate of 17 billion U.S. dollars of information technology investment in 2022, according to a report from global market research firm International Data Corporation (IDC).

Governments, banking, professional services and telecommunications accounted for over 60 percent of total spending in the big data market, the report states.

In terms of size, by 2026, China's big data market is expected to account for almost 8 percent of the world's total, according to the report.