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The Ministry of Industry and Information Technology establishes the Industrial Software Standardization Technical Committee. According to a Securities Times report, the committee was established on October 21 in Hangzhou and is responsible for the formulation and revision of industry standards on key technologies, data interoperability, products and services, integrated applications, and ecosystem development. The report also mentions IDC's forecast for the AI+industrial software sub-market, as well as changes in trading volume of some industrial software concept stocks since October; these are background and market information within the same report. There are currently no subsequent development facts.
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MIIT Establishes Industrial Software Standards Committee, AI Opens New Opportunities for Industrial SoftwareDevelopments
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MIIT establishes Industrial Software Standardization Technical Committee
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Oct 22
Securities Times
MIIT Establishes Industrial Software Standards Committee, AI Opens New Opportunities for Industrial Software
The Ministry of Industry and Information Technology's Industrial Software Standardization Technical Committee was established on October 21 in Hangzhou. It is responsible for the development and revision of industry standards in areas including key technologies, data interoperability, products and services, integrated applications, and ecosystem development. IDC forecasts that the AI + industrial software submarket will expand at a compound annual growth rate of 49%, and its share of the core industrial software market will rise from 13% in 2025 to 46.2% in 2030. Since October, 11 industrial software concept stocks have seen month-on-month growth in average daily trading volume, with Huada Empyrean, Rongzhi Rixin, and Nengke Technology all posting increases of more than 50%.