It has been reported that cloud computing is quickly emerging as one of China’s fastest growing industries. The annual rate of growth has been calculated at 40%.

The nation currently accounts for less than 3% of the global cloud computing market share as it was valued at $90 billion in 2011, however with such a rapid growth this is sure to increase.

It has been estimated that China’s cloud computing market is estimated to grow from about 16.7 billion CNY (£1.67 billion) in 2010 to 117.4 billion CNY (£11.7 billion) in 2013, with a compound annual rate of growth of 91.5%.

This represents a staggeringly fast rate of growth in just a few years. Furthermore, by 2015, the Internet Society of China predicts that the Chinese cloud computing market will be worth 1 trillion CNY.

The majority of this growth is to be …