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China software revenues estimated at over CNY8,161 billion in 2020

Adam Hwang, DIGITIMES, Taipei 0

China's software industry consisting of 40,308 companies generated revenues of CNY8,161.60 billion (US$1,182.47 billion) in 2020, growing 13.3% on year, according to the Ministry of Industry and Information Technology (MIIT).

Exports of software products and services in 2020 totaled US$47.87 billion, accounting for 4.05% of the total revenues and slipping 2.4% on year. The industry posted operating profit of CNY1,067.6 billion in 2020, increasing 7.8% on year.

MIIT: China's software revenues by business category, 2020 (CNYb)

Business category

Revenues

Y/Y

Software products

2,275.77

10.1%

IT services

4,986.77

15.2%

IT security services

149.82

10.0%

Software for embedded systems

749.23

12.0%

Source: MIIT, compiled by Digitimes, March 2021