Technology

China’s public cloud market record high 41.6 billion USD revenue in first half of 2020: IDC

The market adviser organization International Data Corporation (IDC) recently released a report on China’s public cloud service in the first half of 2020. According to the report, the total Cloud market revenue hits 41.6 billion with an increase accounted for 58.4%.

Moreover, the overall market area of the mainland public cloud services including IaaS ( Infrastructure as a Service), PaaS ( Platform as a Service), SaaS( Software as a Service) reached 8.4 billion USD with 51% of year-on-year growth.

As per the data report, the top cloud service provides are Huawei Cloud, Alibaba Cloud, Tencent Cloud, China Telecom, and AWS. These top brands hold 76.7% of the total market share.

According to IDC, the rapid growth of China’s public cloud service business in the first half of 2020 mainly comes from three major parts:

  • First: The epidemic has stimulated a surge in business demands such as online entertainment, consumption, learning, office, collaboration, and delivery.
  • Second: The new infrastructure has accelerated the construction investment and service progress of cloud data centers, and also promoted the integrated application of cloud, AI, big data, and Internet of Things technologies in industries, finance, and other industries.
  • Third: Continued investment in the pan-government industry has stimulated the application of cloud services in the fields of smart government affairs, smart healthcare, and smart transportation.

On the other hand, Huawei is working hard and shows rapid progress in cloud mobile phones, cloud games, and cloud video services. Meanwhile, it has accelerated the promotion of enterprises to go to the cloud in the fields of industry, insurance and securities, and transportation, and its year-on-year growth rate ranks the highest in the market.

Liu Lihui, research manager of IDC’s China Enterprise Research Department, commented on the growth of the cloud service market that it is showing new features and opportunities in different sections.

“The cloud service market is showing new features and opportunities with ecological technology, diversified demands, rich models, and complex management ,” said Research Manager

(Via)

Also check:

Huawei continues to lead China’s wearable market in Q4 2020: IDC

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