More than 1 Trillion of Software Revenues in First 8 Months 2011

The China Ministry of Industry and Information Technology (“MIIT”) released the economic statistics on software industry of first 8 months in 2011 on 26th September, 2011, which shows that the revenues of China software industry has totaled 1.112 trillion Yuan(1 USD equivalent of 6.5 RMB)by the end of August, with a year-on-year growth of 30.5%.

From January to August, the revenues of information consulting service and data processing & operation service has respectively achieved 103.2 and 150.1 billion Yuan, basing on a year-on-year raise of 38.5% and 35.7%. Furthermore, such revenues were up to 23% of the software industry revenues, 3 percentage points higher than that of the same period in 2010.

The revenues of software product and embedded system totaled 398.7 and 185.5 billion Yuan, up comparatively to 30.9% and 28.6% within the same period last year; and information system integration service enjoyed a smooth development of 241.1 billion Yuan achieved, up 27.5%.

The increase of IC design slowed down, while still had a 14.6% year to year raise of 33.4 billion Yuan.

Bridge IP Commentary estimates that China’s information and technology consulting service, data processing & operation service will continuously soar, while the information system integration service industry will tend to increase slowly.

In regards to exports, from January to August, they have achieved a 18 billion Yuan worth of software exports after a 14.7% yearly increase, with the only decrease occurring with embedded software by 0.8%, and the software outsourcing export totaled 3.17 billion Yuan, 42.5% up from the corresponding period last year.

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Editor-in-Chief of Bridge IP Commentary
Partner & Attorney-at-law of Shanghai DeBund Law Offices
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