Abstract

This report examines the situation of the current COVID-19 outbreak and analyzes its impact on China's economy. It offers updated predictions on the impact of the outbreak on China's ICT market including the smart connected devices market, enterprise-grade IT market, and key vertical industry markets. It also identifies ten potential major opportunities: 1) digital platforms and big data, 2) new smart cities and parks, 3) online healthcare services, 4) online classroom and education, 5) remote office and online activities, 6) industrial 5G applications, 7) unmanned commerce and services, 8) fresh food ecommerce, 9) supply chain management, and 10) manufacturing and service robots. It ends with a summary and advice for ICT vendors and industry users.

"The COVID-19 outbreak has an overall greater impact on the economy than the 2003 SARS outbreak and its impact will be mainly confined to the first quarter and lessen in the second quarter with a limited full-year impact," says Wu Lianfeng, Vice President and Chief Analyst, IDC China. "On the heels of the outbreak, there will come five major changes in China' s macroenvironment: 1) intelligentization and modernization of governmental governance; 2) decentralization of city clusters + central cities; 3) acceleration of healthcare system digital transformation; 4) accelerating rise of contactless businesses and services; and 5) acceleration of the China+1 global supply chain strategy. These changes will also bring huge opportunities for the ICT market. In their efforts to respond to the outbreak and overcome challenges, enterprises are advised to build remote collaboration capabilities and habits, provide high-quality marketing of online products and services, optimize cost control and utilize policy support, and identify and invest in post-epidemic business breakthroughs and innovations in order to get well prepared for growth after the epidemic."


Coverage

Content


Get More

When you purchase this document, the purchase price can be applied to the cost of an annual subscription, giving you access to more research for your investment.



Related Links

Do you have questions about this document
or available subscriptions?

Contact Us