IDC predicts that the market size of China's distributed transaction database will reach $1.9 billion by 2029.

Wisdom Financial APP learned that the International Data Corporation (IDC) recently released the "2024H2 China Distributed Transaction Database Software Market Tracking" report. In 2024, distributed transaction database products and technologies are gradually maturing and have been widely used in various industries such as the internet, finance, and telecommunications. The application of products has entered the scale stage. IDC predicts that by 2029, the size of the Chinese distributed transaction database market will reach 19.0 billion US dollars. The 5-year compound annual growth rate (CAGR) from 2024 to 2029 is expected to be 19.4%.