Photo taken on July 6, 2019 shows robots working on a production line at a local automobile technology company in Huanghua city of Cangzhou, north China's Hebei Province. Under a regional coordinated development plan, Cangzhou has benefited from the industries it took over from Beijing and Tianjin, two nearby metropolises. It has also done a good job in leveraging scientific and technological achievements. (Xinhua)
BEIJING, July 20 (Xinhua) -- China's IT investment in the manufacturing industry is expected to approach 18.55 billion U.S. dollars by 2023, according to a report published by the International Data Corporation (IDC).
The chemical engineering, consumer goods and automobile sectors, which ranked top three in terms of manufacturing IT expenditure in 2018, will remain on top of the list come 2023, the IDC report said.
Investment in manufacturing IT applications including software and services related to IT applications, is forecast to attract an investment of 6.62 billion U.S. dollars by 2023.
The prioritized fields, including enterprise resource planning (ERP), product lifecycle management (PLM) and customer relationship management (CRM) will become the focuses of manufacturing IT applications spending, accounting for 33.9 percent, 13.8 percent and 12.8 percent, respectively.
A visitor tries out an AR security device based on Nokia's 5G technology at the First China International Import Expo in Shanghai, east China, Nov. 5, 2018. (Xinhua)
In 2019, the priority of China's manufacturing industry is to promote high-quality development. Smart manufacturing, industrial internet and 5G will bring new opportunities to the market of manufacturing IT applications, said Zhang Lanying with IDC China.
The IDC, founded in 1964, is a global provider of market intelligence, advisory services, and events in information technology, telecommunications and consumer technology markets.
