Market research company IDC China revealed its 10 predictions for the information and communications technology market in the world in general and in China specifically on November 13 in Beijing. Let us take a look at these projections.
By 2021, businesses will begin to enjoy the power of quantum computing through cloud services and as computing enters into the quantum era, the global quantum computing market is to exceed $10 billion by 2027, according to IDC China.
No. 10 Quantum Computing
will enter into commercialization.
The 'baby' quantum computer, unveiled in early May, is the first quantum computing machine based on single photons that could go beyond early classical, or conventional, computers. The prototype quantum computer is developed by about 20 Chinese scientists at the Shanghai-based Institute for Quantum Information and Quantum Technology Innovation of the Chinese Academy of Sciences. Photo:Xinhua / China Daily
No. 9 Human-digital interfaces
will diversify and enter a new stage.
A test subject controls a virtual light bulb by blinking while wearing a pair of special eyeglasses with a new kind of microsensor. Photo:Fu Xiaozhu/For China Daily
By 2020, 25 percent of global field service technicians (20 percent for China) and over 25 percent of global information workers (20 percent for China) will use augmented reality, IDC China said. It added that nearly 50 percent of new global mobile applications (30 percent for China) will use voice as their primary interface and 50 percent of the world's top 2,000 consumer-facing enterprises (in China, 30 percent among top 1,000) will use biometric sensors to provide customers with personalized experiences.
No. 8 AI, in both enterprise
and consumer sectors, to be fully
leveraged for digital transformation
Bermal Kaplan (center) from Turkey interacts with a Sogou intelligent robot during the Light of the Internet Exposition, in Wuzhen, Zhejiang province, Dec 2, 2017. Photo:Zou Hong/ chinadaily.com.cn
By 2019, 40 percent of the world's digital transformation initiatives will employ AI technology and by 2021, 75 percent of commercial enterprise applications will adopt AI, more than 90 percent of consumers will interact with customer support robots, and over 50 percent of new industrial robots will leverage AI, said IDC China.
The research company added that In China, AI adoption will see equivalent or more momentum in public services, commercial applications, consumer engagements, and smart homes, given the favorable government policy and fiscal support.
No. 7 Next-generation security solutions to advance security market
People visit the Light of Internet Exposition of the fourth World Internet Conference in Wuzhen of Tongxiang City of east China's Zhejiang Province, Dec. 2, 2017. Photo: Xinhua/Li Xin
IDC China predicted that China's IT security market will be further accelerated by the government's enhanced cybersecurity policy development.
No. 6 Blockchain services
to support digital trust at scale.
Yang Haiming, chief architect of JD CTO system, makes a speech at an IDC CXO conference about digital transformation held in Beijing on Nov 14, 2016. JD.com is building a traceability system on its open blockchain platform. Photo :Song Jingli/chinadaily.com.cn
By 2021, at least 20 percent of China's top 1,000 enterprises will adopt blockchain services for their digital trust cases on a large scale, according to IDC China. By 2020, China will see 20 percent of its banks, 30 percent of its supply chains, and 10 percent of its healthcare institutes fully embrace blockchain networks in their operations, the research company added.
No. 5 Cloud Computing 2.0 to accelerate with diversified and specialized cloud environments.
Zhang Yaqin, president of Baidu, makes a speech at the ABC Summit in Beijing on Sept 15, 2017. He said that cloud computing has evolved into the "cloud 2.0 era", which features integration with big data and AI. This is distinct from the "Cloud 1.0 era", mainly about infrastructure building and mass services. Photo:chinadaily.com.cn
No. 4 New digital transformation platforms to amplify digital reach far beyond own customer interactions.
Xie Jinsheng, vice-president of JD Finance, introduced the "ICBC Xiaobai digital bank" at the headquarters of JD.com in Beijing on Nov 27, 2017. Via the digital bank, which is embedded on JD Finance's app, those who need a certificate of deposit could apply directly and wait for this file to be delivered by a JD courier. Xie said the cooperation between ICBC and JD Finance has by now involved 32 systems and 125 interfaces. Photo:chinadaily.com.cn
By 2020, 60 percent of global enterprises will design and deploy their own digital transformation platforms to develop and manage core IP and data as essential IT platform tools, with integrations to various cloud platforms, industry resources, data sources, development communities, partners and customers, while in China, 40 percent of enterprises will embark on this journey, according to IDC China.
By 2021, over half of the world's top 2,000 enterprises will see on average one third of their digital service interactions come through their open API ecosystems, giving rise to a growth momentum that is far stronger than their own client-interaction capacity and this is particularly true for the Chinese market, said IDC China.
No. 3 Cross-industry
expansion and cooperation
to proliferate, and to drive
C-suite leadership role changes.
Angusmou.com is a Chinese startup connecting husbandry, internet and finance. Its app users, who pay 5,000 yuan ($756.53), could get spot beef directly from Australian ranches at low prices and get investment returns in the form of future beef.
By 2020, over 70 percent of China's top 1,000 enterprises will explore and implement cross-industry expansion and cooperation with the help of IT platforms and technology enablers, driving toward their business transformation, innovation and growth, said IDC China. Over 60 percent of start-ups will apply technology advancements to enter traditional industries, practicing new business models and sharing rewards of the digital economy, according to this research company. It added that 60percent of global CIOs (and 50 percent CIOs in China) will step up as tech-savvy leaders of their enterprises' digital businesses, winning through the organization transformations.
No. 2 Belt and Road Initiative
to expedite China's innovation
at scale, and its impacts to the world.
The WeChat Pay sign in a South Korean duty free shop. Photo:CRIENGLISH.com
By 2020, China's top 500 enterprises will derive over 30 percent of total revenues from overseas business, according to IDC China.
It added that China's bullet train, ultra-high voltage power transmission, online shopping, mobile payment, robotics, semiconductor chips, biomedicine, aerospace and internet of things industries will continue to penetrate global markets, especially in countries involved in the Belt and Road Initiative while policies and business models related to Internet Plus, big data, artificial intelligence and consumption upgrade will also influence the world at a large scale.
No. 1 Over half of the global
economy to become digital.
An Alibaba employee introduces a virtual mirror during the company's annual computing conference in Hangzhou, capital of Zhejiang province, Oct 11, 2017. Photo:Niu Jing/China Daily
By 2021, over half of global GDP will derive from the digital economy, with the figure expected to reach 55 percent in China, said IDC China.