China's digital transformation spending has seen a compound annual growth rate of approximately 15.6% over the past five years.

The latest data from IDC shows that the global investment in digital transformation exceeded 2.1 trillion US dollars in 2023, and is expected to reach 4.4 trillion US dollars by 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is 15.4%.

As the global digital transformation market continues to thrive, the application scope of technologies such as cloud computing, artificial intelligence, big data, and 5G is expanding. The digital transformation of global enterprises has entered a sustained development stage, which has also prompted enterprises to continuously increase their investment in digital transformation.

The digital transformation market in China will maintain a high growth rate. IDC predicts that in 2028, the scale of digital transformation expenditure in China is expected to reach 733 billion US dollars, accounting for approximately 16.7% of the global total, with a CAGR of about 15.6%, which is higher than the overall growth rate of digital transformation. In China's digital transformation expenditure, hardware expenditure will account for the largest proportion in the five-year forecast, and will maintain an investment share of around 50% for the next five years. Hardware will maintain its dominant position. From 2023 to 2028, the growth rate of the digital transformation software market in China is the highest, with a CAGR of 19.8%.

IDC predicts that in the future, investment in the digital transformation market in China will further tilt towards cloud-related markets. From 2023 to 2028, the proportion of cloud-related market expenditure in the overall digital transformation expenditure will increase year by year. In 2023, cloud-related market expenditure accounted for 15.7% of the overall digital transformation expenditure, and in 2028, the proportion will reach 20.0%, with a CAGR of 21.4%.

Currently, the ICT industry is in the era of the great transformation of AI, and the development of generative AI is rapid, with the proportion of digital transformation expenditure continuously rising. The CAGR of AI-related expenditure in digital transformation is 32.7%. In 2023, AI-related expenditure in digital transformation accounted for 5.5% of the total digital transformation expenditure, and it is expected that this proportion will reach 6.18% in 2028.