CHINA China's cloud infrastructure service spending rises in 2021


China's cloud infrastructure service spending rises in 2021


19:37, March 27, 2022

File photo

China's expenditure on cloud infrastructure services posted a strong growth momentum in 2021 as COVID-triggered consumption demand and corporate digitalization push have propped up market growth, an industry report said.

The country's spending on cloud infrastructure services hiked 45 percent year on year to 27.4 billion US dollars last year, said technology market research firm Canalys.

COVID-triggered demand, including telework, online learning and e-commerce, remained a key growth driver, the market research firm said, adding that as more traditional companies became keen on digital transformation, demand for cloud services also increased.

Canalys expects the cloud infrastructure market in China to reach 85 billion dollars by 2026.

The top four cloud service providers in the country were Alibaba Cloud, Huawei Cloud, Tencent Cloud and Baidu AI Cloud, which accounted for over 80 percent of China's total expenditure, the firm said.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue