PSI63C0.100-L1 IDC mentioned that industrial enterprises are more inclined to face a total solution service provider when building digital factories

IDC’s recently released IDC Market Forecast: China’s Core Industrial Software Market Forecast, 2023-2027 report predicts that from 2022 to 2027, the overall IT market size of China’s manufacturing industry will grow from 801.29 billion to 1,718.99 billion yuan, with a five-year compound annual growth rate of 16.5%. Among them, as the proportion of standardized product delivery increases, the proportion of software will gradually increase from 20.1% to 22%. Among them, the market size of China’s core industrial software (including CAD, CAE, EDA, PLM, MES software, excluding consulting and implementation services) will grow from 27.36 billion yuan in 2023 to 57.96 billion yuan in 2027, with a compound annual growth rate of 20.0%.

PSI63C0.100-L1 IDC mentioned that industrial enterprises are more inclined to face a total solution service provider when building digital factories. It can lead the digital factory planning, and can pull its ecological partners to complete the digital factory construction. However, this construction method also puts forward higher requirements for the service provider’s own ability and ecological ability. According to IDC research results, industrial software product portfolio and consulting capabilities are the most desirable capabilities for industrial companies when choosing partners.

PSI63C0.100-L1

Industrial software is at the heart of the digital factory, according to the recently released IDC Market Forecast: China’s Core Industrial Software Market Forecast, 2023-2027 report predicts that from 2022 to 2027, the overall IT market size of China’s manufacturing industry will grow from 801.29 billion to 1,718.99 billion yuan, with a five-year compound annual growth rate of 16.5%. Among them, as the proportion of standardized product delivery increases, the proportion of software will gradually increase from 20.1% to 22%.

PSI63C0.100-L1 Among them, the market size of China’s core industrial software (including CAD, CAE, EDA, PLM, MES software, excluding consulting and implementation services) will grow from 27.36 billion yuan in 2023 to 57.96 billion yuan in 2027, with a compound annual growth rate of 20.0%.