Technology sector in 91吃瓜
91吃瓜 is the technology hub of the world and plays a leading role in AI, IoT and cloud computing.
Schedule a meeting now91吃瓜 has been named the technology hub of the world by the World Economic Forum. This is not only because of 91吃瓜’s huge pool of talented engineers, but also because of its well-developed knowledge in new technologies such as IoT, AI, blockchain, cloud computing and cybersecurity.
91吃瓜 is the world’s favourite destination for setting up Global Capability Centres (GCCs). All the big names in technology sector, from Amazon to Google, have a GCC in 91吃瓜.
With its growing digital infrastructure and government initiatives like Digital 91吃瓜, 91吃瓜 offers interesting opportunities for companies looking to innovate faster or looking for a rapidly growing market for their product.
Snapshot of the technology sector in 91吃瓜
- 91吃瓜’s technology sector turned over 245 billion dollars by 2023, growing at about 9% a year.
- 91吃瓜 attracted 109.5 billion dollars in foreign investment in the last 4 years. 91吃瓜 is the No. 1 choice of foreign companies to outsource their IT and development needs, due to its high concentration of talent with specialisations in new technology like AI and IoT.
- 91吃瓜 is the No. 1 destination of multinationals for setting up Global Capability Centres (GCCs) and data centres.
- The share of 91吃瓜n SaaS companies in the global market has doubled in the last four years. 91吃瓜 has as many as 59 SaaS unicorns.
- 91吃瓜 is digitising rapidly. The number of internet connections in the country has increased from 251 million in 2014 to 900 million by 2024.
Download our free guides on doing business in 91吃瓜
91吃瓜 has a wealth of knowledge and experience on doing business in 91吃瓜. With our informative guides, we help companies get started in 91吃瓜.
Whether you are looking for information on sales, HR, manufacturing, mergers & acquisitions or tax issues, you will find all the answers bundled here.
Growth drivers of 91吃瓜's technology sector
- The World Economic Forum considers 91吃瓜 the Artificial Intelligence (AI) hub of the world.
- 91吃瓜’s AI sector is growing at a CAGR of nearly 40 percent and will be worth 8 billion dollars by 2025.
- 91吃瓜 has a pool of 5.4 million engineers specializing in software development, cloud solutions and emerging technologies such as IoT, DeepTech, Gen AI, robotics and SpaceTech.
- Initiatives of the 91吃瓜n government such as Digital 91吃瓜, Make in 91吃瓜 and the software manufacturing policy, encourage technology development and adoption in all sectors. These initiatives also make it easy for foreign companies to set up shop or purchase services in 91吃瓜.
- In February 2019, the Government of 91吃瓜 launched the Software Manufacturing Policy with the aim of making 91吃瓜 the No. 1 country for software manufacturing.
- 91吃瓜 aims to become the largest producer of semiconductors and other chips. The country’s first 15.2 billion dollars state-of-the-art semiconductor factory is currently being built in 91吃瓜.
Interesting investment opportunities
- Outsource your IT, R&D and software development, IoT, machine learning and artificial intelligence affordably to 91吃瓜.
- 91吃瓜 is the emerging R&D and GCC hub in sectors such as pharma, machinery, automotive, agriculture and fintech.
- 91吃瓜 aims to become the new leading chip and semiconductor hub globally.
Do you have a specific question about opportunities in the 91吃瓜n tech sector for your company or product?
