The global cloud computing market size was valued at usd 274.79 billion in 2020 and is expected to grow at a compound annual growth rate (cagr) of 19.1% from 2021 to 2028. The top 3 and 5 players market share by cloud computing revenue in 2020 figure 7. They collectively commanded 81% of the market share in china. However, china's cloud market is forecast to have swollen to 20 percent of china's it market by 2020, reaching over $20 billion in value (source: Cloud service providers in china alibaba cloud is the largest provider in china, but there are several domestic csp's including tencent (the creator of wechat) and kingsoft cloud.
Total spending to exceed us$20 bn by 2024.
Alibaba cloud led china's cloud market with a 40% share, though its growth slowed to 38% in the quarter. Alibaba cloud is the clear leader with a 45% share. Share china cloud market (chinese version) download pdf 公有云和私有云在过去几年迎来了快速的增长。为了更好的了解中国云计算演进，idc的中国云市场（china cloud market）将使客户从最终用户市场规模、份额、未来前景、云发展状况、挑战、机遇等方面来进一步了解中国云. China cloud computing market size: Its cloud revenue rose 80% annually to 4.7 billion yuan ($670 million) last quarter and accounted for about 5% of its top line. Based on market share, the largest cloud computing company in the world is amazon web services. Huawei cloud made the most gains during q1 2021, growing 116% with a 20% market share. 1 position in the iaas market in 2020, followed by microsoft, alibaba, google and huawei. Compared to 10.8% in q1 2019, the increase highlights the quickening pace of cloud adoption in china as part of the country's digital transformation process. The chinese cloud computing market is dominated by local players. Tencent ranked second in the china cloud race with a 15% share. A subsidiary of amazon, aws currently holds 31 percent of the market, followed by microsoft azure at. Challenges to foreign participation in china's cloud computing market, leading firms are us actively pursuing partnerships and opportunities there.
Cloud computing sales accounted for just five percent of china's total it market in 2014, behind the global average of 11 percent. They collectively commanded 81% of the market share in china. Challenges to foreign participation in china's cloud computing market, leading firms are us actively pursuing partnerships and opportunities there. Share china cloud market (chinese version) download pdf 公有云和私有云在过去几年迎来了快速的增长。为了更好的了解中国云计算演进，idc的中国云市场（china cloud market）将使客户从最终用户市场规模、份额、未来前景、云发展状况、挑战、机遇等方面来进一步了解中国云. 2021 vs 2027 (us$, mn) figure 5.
Total spending to exceed us$20 bn by 2024.
Aliyun (also known as alibaba cloud) has the lion's share of growth, with 42% of the public cloud marketplace in 2018, per idc. Yet, cloud computing accounts for just 2.7% of the country's it spend, and its it spend accounts for just 1.4% of gdp. However, china's cloud market is forecast to have swollen to 20 percent of china's it market by 2020, reaching over $20 billion in value (source: China cloud computing market in q1; Alibaba cloud led china's cloud market with a 40% share, though its growth slowed to 38% in the quarter. China's cloud market is dominated by local players, with idc figures showing alibaba cloud as holding 42% of the public cloud marketplace in 2018, followed by tencent cloud at 12%, china telecom with 9%, and amazon web services (aws) close behind with 6%. In addition, china has passed policies that favor the development and growth of cloud services, providing $1.4 trillion to. Alibaba has 40% market share. Huawei cloud made the most gains during q1 2021, growing 116% with a 20% market share. Hyperscale providers are continuing to build distributed cloud and edge solutions that extend the public cloud's reach. The chinese cloud computing market is dominated by local players. Tencent cloud serves 12%, followed by china telecom at 9% and amazon web services close behind with 6%. 1 position in the iaas market in 2020, followed by microsoft, alibaba, google and huawei.
The trend of using cloud services for data analytics and machine learning, data center consolidation, application migration, cloud native development and service delivery continued at pace. They collectively commanded 81% of the market share in china. The global cloud computing market size was valued at usd 274.79 billion in 2020 and is expected to grow at a compound annual growth rate (cagr) of 19.1% from 2021 to 2028. However, china's cloud market is forecast to have swollen to 20 percent of china's it market by 2020, reaching over $20 billion in value (source: Alibaba cloud is the clear leader with a 45% share.
Huawei cloud made the most gains during q1 2021, growing 116% with a 20% market share.
China cloud computing market size: Hyperscale providers are continuing to build distributed cloud and edge solutions that extend the public cloud's reach. A subsidiary of amazon, aws currently holds 31 percent of the market, followed by microsoft azure at. Based on market share, the largest cloud computing company in the world is amazon web services. China's cloud market is growing rapidly. Alibaba cloud led china's cloud market with a 40% share, though its growth slowed to 38% in the quarter. Unabated by the coronavirus in q1 2020, china's number two cloud computing market position held steady, accounting for 12.5% of total global market share. The chinese cloud computing market is dominated by local players. Both public and private cloud grew rapidly in the past years. Despite the hurdles in china, many international players are committing resources to gain a firm foothold in the market. Challenges to foreign participation in china's cloud computing market, leading firms are us actively pursuing partnerships and opportunities there. The global cloud computing market size was valued at usd 274.79 billion in 2020 and is expected to grow at a compound annual growth rate (cagr) of 19.1% from 2021 to 2028. June 22, 2021 by ciw team.
China Cloud Computing Market Share : Canalys Newsroom- China cloud services market Q4 2019 / Alibaba cloud is the clear leader with a 45% share.. The introduction of emerging technologies, such as artificial intelligence (ai) and machine learning, enables cloud growth by empowering companies to tap into ai capabilities Compared to 10.8% in q1 2019, the increase highlights the quickening pace of cloud adoption in china as part of the country's digital transformation process. China cloud computing market size: By then, the market size will reach cny 563.3 billion. The top four cloud service providers in china were alibaba cloud, huawei cloud, tencent cloud, and baidu ai cloud, with a combined 80% market share by total expenditure.