{"id":39246,"date":"2019-07-08T10:14:45","date_gmt":"2019-07-08T10:14:45","guid":{"rendered":"https:\/\/www.cloudcomputing-news.net\/news\/2019\/jul\/08\/china-cloud-computing-market-grew-40-year-over-year-report-claims\/"},"modified":"2019-07-08T10:14:45","modified_gmt":"2019-07-08T10:14:45","slug":"china-cloud-computing-market-grew-40-year-over-year-report-claims","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/china-cloud-computing-market-grew-40-year-over-year-report-claims\/","title":{"rendered":"China cloud computing market grew 40% year over year, report claims"},"content":{"rendered":"

<\/p>\n

The cloud computing ecosystem in China continues to grow; according to a new report the market size rose almost 40% in 2018.<\/span><\/p>\n

As <\/span>reported by Xinhua<\/em><\/span><\/a>, the China Academy of Information and Communications Technology (CAICT) pegged the Chinese cloud market at 96.28 billian yuan (£11.14bn) last year in its most recent whitepaper, up 39.2% from 2017. The market will almost double in size between now and 2022, CAICT added, forecast to reach 173.1bn yuan.<\/span><\/p>\n

Regarding the private cloud, the whitepaper put that at 52.5bn yuan for 2018 – up 23.1% year on year – and is expected to reach 117.2bn yuan by 2022.<\/span><\/p>\n

By 2020, according to a recent missive from the Ministry of Industry and Information Technology, there will be an additional one million enterprises utilising cloud computing in China.<\/span><\/p>\n

It is one of various proclamations which underscore the country’s potential. According to the most recent analysis from the Asia Cloud Computing Association (ACCA), <\/span>in April last year<\/span><\/a>, China placed only above Vietnam in a comparison of the primary Asia-Pacific nations. The majority of the problems cited by ACCA relate to China’s size and the long tail of digital transformation, with the country scoring poorly on infrastructure and connectivity.<\/span><\/p>\n

“The Chinese government continues to devote considerable fiscal resources to the development and improvement of infrastructure, a move that will undoubtedly pay off in the next few years,” the report noted.<\/span><\/p>\n

When this translates into the roadmap of vendors, Chinese players are starting to make inroads across Asia-Pacific. According to data from Synergy Research <\/span>in May<\/span><\/a>, the top three players in China are ranked in the top six across APAC as a whole. Alibaba (#2), Tencent (#4) and Sinnet (#6) sit astride Amazon, Microsoft and Google respectively. A large part of this, the research firm noted, is down to China being ‘by far’ the largest country market, growing ‘much faster’ than the rest of the region.<\/span><\/p>\n

\"https:\/\/www.cybersecuritycloudexpo.com\/wp-content\/uploads\/2018\/09\/cyber-security-world-series-1.png\"<\/span><\/a>Interested in hearing industry leaders discuss subjects like this and sharing their experiences and use-cases<\/strong>? Attend the Cyber Security & Cloud Expo World Series<\/a> with upcoming events in Silicon Valley, London and Amsterdam to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cloud computing ecosystem in China continues to grow; according to a new report the market size rose almost 40% in 2018.
\nAs reported by Xinhua, the China Academy of Information and Communications Technology (CAICT) pegged the Chinese cloud market a…<\/p>\n","protected":false},"author":50,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-39246","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/39246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=39246"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/39246\/revisions"}],"predecessor-version":[{"id":39247,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/39246\/revisions\/39247"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=39246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=39246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=39246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}