IDC: It is expected that the size of China's EA market will reach 17.52 billion US dollars by 2029, with an average annual compound growth rate of 11.2%.

According to the report released by IDC recently, the market size of Enterprise Application (EA) software in China is expected to reach $5.43 billion in the second half of 2024, with a year-on-year growth of 7.0%. Despite the short-term impact of the contraction of traditional deployment models and the transition to the cloud, driven by policies to accelerate localization and the deep penetration of AI large models, IDC predicts that the market size will reach $17.52 billion by 2029, with a compound annual growth rate (CAGR) of 11.2% from 2024 to 2029, entering a new growth cycle.