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Industry

Revenue from China's industrial software products up 8.7 pct. on-yr in Jan.-July

September 26, 2022


Abstract : Revenue from China's industrial software products reached 121.9 billion yuan in the first seven months, up 8.7 percent year on year, according to data recently released by the Ministry of Industry and Information Technology (MIIT).

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A worker works at the automated production line in the digital factory of Xio Lift in Linping district, Hangzhou, east China's Zhejiang Province, Dec. 17, 2021. (Xinhua/Huang Zongzhi)

BEIJING, Sept. 26 (Xinhua) -- Revenue from China's industrial software products reached 121.9 billion yuan in the first seven months, up 8.7 percent year on year, according to data recently released by the Ministry of Industry and Information Technology (MIIT).

The country's industrial software market has grown steadily in recent years, providing strong support for the digital transformation of manufacturing industry. From 2019 to 2021, China's industrial software product revenue grew at a compound annual rate of 18.5 percent, MIIT data showed.

Up to now, there are more than 542,000 industrial software-related enterprises in China, according to statistics from the corporate information provider Tianyancha. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)

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Keyword: industrial software

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