China’s software business in 2021 revenue 9.4994 billion yuan information technology service revenue growth leading


On Jan 24, the Ministry of Industry and Information Technology (MIIT) released the performance of China’s software and information technology service industry in 2021.Data show that in 2021, China’s software industry is in a good running state, with more than 40,000 enterprises above the national scale. The accumulative revenue of software business is 9,499.4 billion yuan, with a year-on-year growth of 17.7% and a two-year compound growth rate of 15.5%.While maintaining rapid growth in business revenue, profitability is also steadily improving.In 2021, the total profit of software industry is 1.1875 trillion yuan, with a year-on-year growth of 7.6% and a two-year compound growth rate of 7.7%.The profit margin of main business increased by 0.1 percentage point to 9.2%.”The steady growth of the software industry is due to the rapid development of the digital economy.”Xu Yaqian, director of information technology research Office of CCID Research Institute, analyzed that software is the foundation of digital economy development and also the link of information technology and industry integration.On the one hand, the outbreak of curtilage economy, online and informatization development into the fast lane, pull the rising software demand, on the other hand, the accelerated manufacturing digital transformation, key areas critical process numerical control rate, research and development of digital design tools rate up to 55% and 74.4% respectively, digital industry promote also driven software development.By sector, software product revenue grew steadily and rapidly.In 2021, the revenue of software products was 24433 billion yuan, up 12.3% year on year, and the growth rate was 2.2 percentage points higher than the same period last year.Among them, industrial software products achieved revenue of 241.4 billion yuan, up 24.8% year on year, 7.1 percentage points higher than the industry level.”With the deepening of integrated application, industrial software will enter a period of rapid development, which strongly supports the upgrading of China’s software industry chain and the transformation and upgrading of the manufacturing industry.”Xu yaqian said.It services led the growth in revenue.In 2021, the revenue of information technology services reached 6031.2 billion yuan, up 20.0 percent year-on-year and 2.3 percentage points higher than the industry level.Among them, cloud services, big data and other services saw strong growth, with a total revenue of 776.8 billion yuan, up 21.2% year on year, accounting for 4.6 percentage points higher than the same period last year.Revenue growth of information security products and services accelerated.In 2021, the revenue of information security products and services was 182.5 billion yuan, up 13.0% year on year, and the growth rate was 3 percentage points higher than the same period last year.In November last year, the Ministry of Industry and Information Technology issued the “14th Five-year Plan for the Development of Software and Information Technology Services” to provide policy support for making the software industry bigger and stronger.Xu yaqian said: “In the first quarter of this year, China’s software industry is expected to continue the good operation situation of last year, the scale of the industry will grow steadily, the industrial structure will continue to optimize, and the supply capacity of key products in key fields is expected to further strengthen.Source: People’s Daily Overseas Edition Read: Tan Lugang

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