Forecast: Exports of ICT Services in China

The exports of ICT services in China have seen significant growth, starting at $17.098 billion in 2013 and reaching $63.627 billion in 2023, translating to a 14.25% year-on-year increase from 2022. The past five years exhibit a robust CAGR of 16.21% from 2018 to 2023, demonstrating strong momentum in the sector.

Future forecasts indicate a continued, though moderated, growth trajectory, with a projected value of $100.34 billion in 2028 and a forecasted 5-year CAGR of 7.13%. This suggests steady expansion, albeit at a slower pace than the previous five years.

Future trends to watch include:

  • The impact of emerging technologies such as AI, 5G, and cloud computing on service demand.
  • Potential regulatory changes and trade dynamics affecting global ICT service markets.
  • China's strategic investments and policies to enhance digital infrastructure and innovation capabilities.

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