China's software and IT services industry grew 32.4 percent in revenue in 2011, as software exports and outsourcing due to rising customer demands helped boost the market.
According to a report by Chinese news site Xinhua on Sunday, the country's software and IT services raked in 1.84 trillion yuan (US$292.2 billion) last year, and the growth was 4.4 percent higher than the industry's average growth rate during 2006 to 2010.
Citing a report by China's Ministry of Industry and Information Technology (MIIT), the report also stated that software exports increased 18.5 percent from 2010 to US$30.4 billion, while software outsourcing spiked 40.3 percent to US$5.9 billion. The overall IT outsourcing sector expanded by 39.5 percent during the same timeframe to hit 383.5 billion yuan (US$60.9 billion), it noted.
The strong showing was due to the "economy's steady growth" as well as "rising demands from domestic and global markets", the report said.