Chinese Software Revenue to Surge at 30% by 2012

According to our new research report, "China Software Market Forecast to 2012", the total revenue from software products in China is forecasted to grow at a CAGR of more than 30% by 2012, making it the most promising segment in terms of future growth. In 2008, the revenue from software products stood at more than 316 Billion Yuan. With a market share of around 42% in 2008, this segment continues to dominate the Chinese software industry revenue.

The report attributes this dominance to the booming Chinese economy coupled with rapid industrialization, which has been compelling companies to migrate from their traditional business practices to IT-enabled solutions. "This rapid transformation is resulting into growing demand for various kinds of application and system software products in China, making it the largest revenue generator for the Chinese software industry", says a Senior Research Analyst at RNCOS. Various vertical segments, including government, retail, manufacturing, healthcare, telecommunication, have emerged as the potential consumers of software products in China.

At a regional level, our research shows that Guangdong surpassed Beijing in 2008 by generating more than 101 Billion Yuan in software products revenue. Moreover, several other regions such as Inner zone and Shaanxi Province have reported unprecedented growth. The Analyst also added "With more and more SMBs expected to use IT-enabled business solutions to cut conventional costs amidst economic downturn, it will add to the burgeoning demand for software products in the country".

In addition, "China Software Market Forecast to 2012" studies the Chinese software industry by segregating it into revenue from various segments, including revenue from systems integration, embedded system software, software technology services and IC designing. It contains extensive research on each of these segments, covering the future growth potential along with rationale reasoning.
 
It also provides an insight into the software industry by verticals and studies the key opportunity areas that have emerged due to the fast growth in the Chinese software industry.

For more information visit: http://www.rncos.com/Report/IM005.htm