Chinese Data Economy Market Size Growth Trend (2019-2024)
China's data economy market size grew from RMB 10 billion in 2019 to RMB 65 billion in 2024, with a CAGR of approximately 45%, showing rapid development.
Market Overview
According to industry estimates, China's data economy market (including data trading, data services, data governance, etc.) has experienced rapid growth over the past six years.
- Market size: Approximately RMB 10 billion in 2019, expected to reach RMB 65 billion by 2024, a 5.5-fold increase.
- Annual growth rate: CAGR of about 45%, far exceeding GDP growth in the same period.
- Structural changes: Data trading platforms, data service providers, and compliance technology have become major segments.
Growth Drivers
The rapid growth of the data economy market is mainly driven by:
- Policy support: Data was officially recognized as a factor of production in 2020, and many data exchanges were established thereafter.
- Enterprise needs: Chinese companies going global require cross-border data compliance, fueling demand for data governance and security services.
- Technology maturity: Privacy computing, federated learning, and other technologies reduce risks in data circulation.
Future Outlook
- Continued expansion: Market size is expected to exceed RMB 100 billion by 2025.
- Overseas opportunities: Demand for compliant data services from Chinese enterprises expanding abroad will continue to drive the market.
- Challenges: Data rights confirmation, pricing, and cross-border flow rules still need improvement.
Note: The above data is based on public industry reports and reasonable estimates; specific figures may vary due to different statistical calibers.
Related content
2024 Global AIGC Market Multi-Dimension Comparison: US, China, Europe, and Southeast Asia
This infographic compares the current status and differences among the US, China, Europe, and Southeast Asia in AIGC across four dimensions: user scale, investment, application penetration, and content output.
China's AIGC Overseas Revenue Hits $1.8B in Q1 2025, Led by Text Generation and Marketing
In Q1 2025, Chinese AIGC companies generated approximately $1.8 billion in overseas revenue, with text generation apps contributing over 40% and marketing being the largest application scenario.
2024-2025 AIGC Global Market Outlook: Forecast of Global AI Content Generation Application Scale
By 2025, Chinese enterprises' overseas AIGC application revenue is expected to reach about USD 3 billion, with the global market size around USD 12 billion, representing a CAGR of over 50%.