SMM

Market research firm IDC predicts that IT spending by industrial enterprises in China will exceed 300 billion yuan in 2023. However, this includes a large number of stock segments such as IT infrastructure, general-purpose software as well as specialised software. In addition, IDC expects the market for industrial Internet platforms and application solutions in China to reach $5.61 billion by 2025, with a CAGR of 29.6% from 2021-2025. Meanwhile, IDC believes that China's industrial data intelligence market to reach a CAGR of 31.6% from 2021-2025, and the overall market for AI quality inspection of typical industrial AI vision scenarios is expected to reach $958 million by 2025, with a CAGR of 28.5% from 2021-2025.