China’s software development industry has experienced remarkable growth, positioning the nation as a global leader in the field. As of 2023, China is home to approximately 7 million software developers, making it the country with the largest developer population worldwide.
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The software development market in China is projected to reach USD 36.65 billion in 2024, with enterprise software accounting for a significant portion of this revenue.
Application Development Software
The application development software market in China is expected to generate USD 10.73 billion in 2024, with a projected annual growth rate of 12.69% from 2024 to 2029.
Industry Landscape
As of 2024, there are 47,937 software development businesses in China, reflecting a 2.1% increase from the previous year.
Market Segmentation
The in-house on payroll segment accounted for more than 60% of revenue share in 2023 and is projected to maintain its dominance in the coming years.
Future Projections
The China software development market is projected to reach USD 968.28 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period of 2024-2030.
Government Initiatives
The Chinese government has designated 20 cities as “China Outsourcing Model Cities,” including Beijing, Shanghai, Dalian, Shenzhen, Tianjin, Hangzhou, and Wuxi. These cities are now home to major outsourcing companies and IT services, reflecting strategic growth planning and strong domestic demand.
Market Dynamics
The in-house on payroll segment accounted for more than 60% of revenue share in 2023 and is projected to hold its dominance for the next five years.
Conclusion
China’s software development industry continues to expand rapidly, driven by a large and growing developer workforce, substantial market size, and supportive government policies. The nation’s commitment to technological advancement and innovation positions it as a formidable player in the global software development arena.
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