The Scale of China's Industrial Software Market Has Reached 100 Billion, and There Is still Room for

The scale of China's industrial software market has reached 100 billion

Industrial software refers to all kinds of software and systems widely used in the industrial field. It is a process of making industrial technology software and people's experience in the use of industrial knowledge and machinery and equipment explicit, digital and systematic. As the crystallization of all kinds of industrial knowledge, mechanism models and experience and know-how accumulated for a long time in industrialization, industrial software has evolved from an auxiliary tool to an indispensable companion in the process of industrialization, which is the top priority of manufacturing industry.

According to CCID's white paper on China's industrial software development (2019), in 2018, the global industrial software market reached US $389.3 billion, with a year-on-year increase of 3.81%. In 2019, affected by the rise of US trade disputes and trade protectionism, the global import and export of industrial software were affected. However, there was a general consensus on the development of industrial intelligence and technology. It is preliminarily estimated that, In 2019, the global industrial software market exceeded US $400 billion, reaching US $411.1 billion, a year-on-year increase of 5%.

Since 2013, the manufacturing industry has entered a key stage of accelerating the transformation of old and new kinetic energy. The global industrial software industry has grown steadily, and China's industrial software market has shown a trend of rapid development. By 2019, the scale of China's market has reached 172 billion yuan. The growth rate of 16.5% in 2019 and the compound growth rate of more than 20% in the past seven years are far higher than the global level. If the industrial software embedded in hardware equipment is also included, it is conservatively estimated that the market scale of China's industrial software has reached 500 billion yuan.

China's industrial software has five times the growth space

In 2019, the added value of China's manufacturing industry accounted for 28.1% of the world, maintaining the position of the world's largest manufacturing country for 10 consecutive years. At present, China is the only country in the world that has all the industrial categories listed in the United Nations Industrial Classification.

According to Gartner data, the scale of China's industrial software market accounted for about 6% of the world in 2019. Combined with the global share of China's manufacturing added value of more than 28%, China's industrial software market has about five times the growth space.

The Scale of China's Industrial Software Market Has Reached 100 Billion, and There Is still Room for 1

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