China's flag [/caption] There doesn't seem to be a day that goes by without some facts hinting about China's growing markets.
International Data Corporation (IDC), an American market research firm, predicts that 2015 will be a very good year for China. The firm estimates that nearly 500 million smartphones will be sold in China, which is 1/3 of global sales and 3x the amount in the US. But, it's the domestic producers like Lenovo, Xiaomi, Huawei, and ZTE which will dominate, making almost 85% of the total sales of smartphones in China. Furthermore, the Broadband China Project, a government initiative to provide high-speed broadband networks for 95% percent of the country’s urban population, will bring more than 680 million people online next year. 680 million people is more than 2x the entire population of the United States.
IDC also predicts that China, due to the demand of its domestic digital natives, will produce a major cloud-based giants that will rival Amazon Web Services, Microsoft Azure, and Google Cloud service in the next three to four years.
China's sheer market size and its protectionist policies will pretty soon allow it to dictate technological trends as foreign tech companies want to cater to the Chinese market.
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