China's big data market is expected to account for almost 8 percent of the world's total in 2026, according to a report from global market research firm International Data Corporation (IDC).

Driven by the country's economic development and digital transformation, China's big data market saw an estimate of $17 billion of information technology investment in 2022, said the report.

Governments, banking, professional services and telecommunications accounted for over 60 percent of total spending in the big data market, the report states.