The global economic downturn continues to deter the world’s largest consumer market, China, as the country experienced decline in exports across various industrial sectors in recent months. However, the software industry is least affected by the meltdown and generated total revenue of more than 757 Billion Yuan in 2008, up around 30% over the previous year.

 

The stupendous growth in software industry is accredited to potentially high domestic demand for IT and IT enabled solutions, says RNCOS in its new research, “China Software Market Forecast to 2012”. Besides, the Chinese government has been continuously making efforts, such as increasing IT investments, construction of software parks and provision of quick approvals to secure international investment, to drive the software industry.

 

Our research report also says that the Chinese software industry will grow at CAGR of more than 24% by 2012 on account of rapid growth in IT spending among various industrial segments, including government, banking and manufacturing. Increasing usage of IT enabled business applications such as SaaS and ERP among SMBs to ensure high profitability and international quality standards will accelerate future growth in the software industry.

 

“China Software Market Forecast to 2012” provides extensive research and rational analysis on the burgeoning software industry in China. The report also studies the software industry by segregating it into revenue from various segments including revenue from software products, systems Integration, embedded system software, software technology services and IC designing. It also includes detailed information on past and current market trends that enable clients to understand the software industry dynamics in China.

For more information visit: http://www.itsectornews.com/Report/IM005.htm