World News: 12:40 GMT Wednesday 12th June 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, June 12, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The Internet subscriber base in China stood at 813.23 million, and it is expected to reach 1184.63 million in 2027 with a CAGR of 4.2% from 2019 to 2027.Young population drives the demand of internet applications is fueling the mobile data consumption market. In China, the share of young Internet users is huge in the overall internet user market, and it is a significant growth driver for internet services. In 2018, the total number of internet users in China reached 813.23 million, out of which the number of young Internet users under 20 was 22.4 %. Some of the major applications used by young internet users included online meal ordering, online travel bookings, live games, and live reality shows. E-commerce and online games applications have also grown significantly in the past year due to popularity among the young population. The driving forces behind the rapid growth of these segments among young users include continuous innovation, focus on mobility, internationalization, and competitiveness. This factor has created a potential market space for mobile data consumption market.The significant increase in the demand of internet on things and other advanced technologies is anticipated to fuel the mobile data consumption market growth. Smartphones are at the foundation of Internet of things concept, and their high penetration in China made them the driving force behind IoT adoption. As per the Made in China 2025 strategy of the Chinese government, the backing of advanced technologies such as 5G, artificial intelligence, and data analytics will further drive the development of these technologies, especially Industrial IoT. For instance, in 2018, in 2018, mobile internet users reached 793.62 million, and it represented almost 97.59% of total internet subscribers in China. All these factors are enhancing the growth of mobile data consumption market.The increased demand for data consumption is driven by growing mobile applications such as instant messaging, online shopping, online streaming services, social networking, information services, financial services, sharing services and others. Also, affordable smartphones also laid the foundation for connected things/IoT and other enhanced personalized and smart applications which uses like AI and other new concepts. 5G is cited as a strategic priority in the government's 13th Five-year Plan. The government has also awarded grants to technology heavyweights ZTE and Huawei, which have received a reported US$72 Mn for technology development for 5G deployments. China's largest telecommunications providers intend to spend close to US$ 411 Bn for 5G rollout by 2030. IIoT will be 5G's most critical use case in support of China's Made in China 2025 initiative are proliferating the mobile data consumption market. 2.1 CHINA MARKET2.1.1 Subscriber Base 20182.1.2 Market Potential 2018 - 20272.1.3 4 G Technology Penetration level (%)3.1 CHINA MARKET3.1.1 Demographic Overview3.1.2 Insights & Analysis184.108.40.206 Internet Subscriber base 2018-2027 (Million)3.1.3 Internet Subscribers base forecasts to 2027 (Million) and Internet Penetration (%)220.127.116.11 Mobile Internet users in China3.1.4 Major telecom operators in China3.1.5 Service Providers Available Mobile Data Plans & Tariffs18.104.22.168 Data Plans & Tariffs3.1.6 Data Usage Patterns22.214.171.124 Data Usage Pattern, By Device Type (%)126.96.36.199 Data Usage Pattern, By Activity Type3.1.7 Insights On Top Website Usage & Surfing3.1.8 Major mobile application usage and preferences4.1 KEY DRIVERS4.1.1 Steady and strong demand of basic mobile services4.1.2 Young population drives the demand of internet applications4.1.3 Rapid development of Sharing Economy in China4.2 KEY RESTRAINTS4.2.1 Slower growth due to market saturation4.3 KEY OPPORTUNITIES4.3.1 Aggressive promotion of 5 G technology4.3.2 Untapped rural segment4.4 FUTURE TRENDS4.4.1 Focus on Internet on Things and other advanced technologies4.4.2 Government's push for Artificial intelligence and its applications4.5 IMPACT OF DRIVERS AND RESTRAINTS-CHINA5.1 MARKET SHARE -TOP CHINESE SERVICE PROVIDERS RANKING6.1 MARKET INITIATIVE
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Globe Newswire: 12:40 GMT Wednesday 12th June 2019
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