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摩根士丹利:中国首席信息官 2025 年上半年调查_关税使情况雪上加霜,人工智能是唯一亮点
2025-05-09 05:02

Investment Rating - The report maintains a Cautious industry view for China's IT Services and Software sector [8]. Core Insights - The software industry in China is expected to continue its downtrend, with the bottom yet to be reached [2]. - AI adoption is identified as the sole bright spot, with increasing interest from CIOs leading to larger budgets and tighter timelines for implementation [5][10]. Summary by Sections Industry Overview - Enterprise confidence is struggling to recover, with CIOs' confidence sinking further due to macroeconomic conditions and the impact of tariffs [4][10]. - IT services budgets are stabilizing, while software budgets are deteriorating, indicating a shift in spending priorities [10]. AI Adoption - There is a significant rise in CIO interest in AI, with 71% expecting AI projects to represent a substantial portion of their IT investments in 2025, up from 52% in the previous survey [11][60]. - AI is cannibalizing traditional IT spending, with hardware and IT services gaining budget share at the expense of software [5][14]. Budget Expectations - The 2025 IT budget growth expectation is 5.8%, down from previous projections, with software growth expected to be 4.2% [12][21]. - SOEs are revising down their IT budgets for 2025, while POEs are expected to see a slight increase [42]. Vendor Insights - DeepSeek is recognized as having the best AI product suite, with a significant majority of CIOs favoring it over competitors [82]. - The preference for AI model development vendors has increased, indicating a shift away from traditional hyper-scaler cloud vendors [90]. Spending Trends - The average percentage of IT spending related to AI is projected to rise to 11.2% in 2025, reflecting a growing commitment to AI initiatives [60][75]. - CIOs expect AI to add an average of 4.5% to their IT budgets in 2025, with a notable portion of this funding coming from reallocations within existing budgets [75][79].