The revenue of China's software industry exceeded 13 trillion yuan (about 1.78 trillion U.S. dollars) in 2024, contributing 4.4 percent to the nation's GDP, according to information released at the 4th China International Software Development Conference held in Beijing on Thursday.
"Last year, China's software business revenue reached 13.7 trillion yuan, a year-on-year increase of over 10 percent and a 44.2 percent growth compared to the beginning of the 14th Five-Year Plan (2021-2025) period," said Xie Shaofeng, chief engineer of the Ministry of Industry and Information Technology (MIIT).
Data from the MIIT also revealed a record high of over 2.8 million software copyright registrations, up 13 percent year-on-year.
In the first two months of this year, the revenue of information technology services maitained double-digit growth, reaching over 1.26 trillion yuan. Cloud computing and big data services generated 237.6 billion yuan in revenue, an 8.8 percent year-on-year increase.
Furthermore, the widespread adoption of artificial intelligence (AI) is expected to further propel the industry's growth. By enhancing software development efficiency and quality while lowering technical barriers, AI is poised to transform the sector.
"An intelligent complex will integrate platform data, computing power, case studies, and tools to provide users with ready-made solutions," said Chen Baoguo, executive deputy secretary-general of the China Software Industry Association.
Chen predicts that AI will contribute to over 20 percent of annual growth in the software market over the next five years, driving the industry's intelligent upgrade and creating new growth opportunities.
China's software industry achieves robust growth last year
