Cloud Computing Market in China

Market Overview

China has put forward the goal of constructing a new generation of information technology and other new growth engines to establish internationally competitive digital industry clusters. Cloud computing is a concentrated reflection of the development of information technology and innovation in service models. It represents a significant transformation and inevitable trend in informationization development. It serves as a strategic vantage point for international competition in the information age and ignites new driving forces for economic development. Cloud computing has sparked innovation in software development and deployment models, becoming a crucial infrastructure for hosting various applications and providing essential support for the development of emerging fields such as big data, the Internet of Things, and artificial intelligence. Accelerating the innovative development of cloud computing, in accordance with the trends of the new round of technological revolution and industrial transformation, is key to advancing the process of China’s modernization.

In 2022, the global cloud computing market, represented by IaaS, PaaS, and SaaS, reached a scale of $483.6 billion, with a year-on-year growth of 18.5%. China’s cloud computing market has maintained a high growth rate overall. According to Tanalyze Ltd., the market size of China’s cloud computing reached USD 67.4 billion in 2022, representing a growth of 34.3% compared to 2021. Compared to the global growth rate of 18.5%, China’s cloud computing market is still in a phase of rapid development and demonstrates a relatively high resilience even in the face of a challenging economic environment. It is projected that by 2028, the overall market size of China’s cloud computing will surpass USD 313.1 billion dollars.

This report focuses on the new developments and changes in the cloud computing industry over the past year, summarizing the characteristics of global and Chinese cloud computing policies, markets, technologies, applications, and providing an outlook for future development.

Table of Contents

TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 3
Part 1. Key Findings 4
Introduction 4
The Rising Strategic Value of Cloud Computing: Global Trends and Implications 4
Cloud Computing Market Growth: A Focus on China’s Rapid Development 5
Intensifying Competition in the Cloud Computing Industry: A New Era Begins 5
Innovations in Cloud Computing Technology: Driving High-Quality Industry Development 5
Part 2. Overview of Global Cloud Computing Development 6
Countries Accelerate Cloud Computing Strategies, Prioritizing Industry Value Empowerment 6
Global Cloud Computing Market Enters Stable Growth Phase as Industry Giants Further Expand 9
The Rise of the Asia-Pacific Cloud Computing Market and Emerging Trends in Service Capabilities, Security, and Ecosystem Construction 12
Part 3. Overview of Cloud Computing Development in China 17
China’s Cloud Computing Industry: A Key Driver of Digital Transformation 17
China’s Cloud Computing Market in Rapid Growth Phase, Led by Telecommunication Operators 22
Continuous Innovation in Cloud Computing Technology in China: Powering Industrial Upgrades to Meet Diverse Scenario Demands 26
The Staggered Adoption of Cloud Computing Across Industries in China: Small and Medium Enterprises as Key Influencers in Cloud Migration Progress 36
Part 4. China’s Cloud Computing: Driving the Transition to Digital Operating System 41
The Dual Transformation of Digital Applications and Computational Resources in the Era of AI Mega-Models 41
The Advancements in Cloud Computing: Extending to Multi-dimensional Resource Virtualization 43
The Impact of Cloud Computing on Digital Application Innovation 45
Part 5. Cloud Computing Accelerates the Emergence of a New Paradigm in Computing Power Services 48
Architecturally, Cloud Computing Centers Around Data-Driven Computational Services 48
Functionally, Cloud Computing Propels Ongoing Innovation in Computational Services 49
In Terms of Patterns, Cloud Computing Reconstructs the Supply and Demand of Computational Services with New Models 51
Outlook 54
Disclaimer 57
FIGURES AND TABLES
Global Cloud Computing Market, Net Growth, 2020-2028 (USD Billion)
Global Cloud Computing Market, by Region, 2022
Global Cloud Computing Market, by Top Company, 2022 (USD Billion)
Cloud Computing Policies in Selected Provinces and Cities in China 2022-2023
China Cloud Computing Market, Net Growth, 2020-2028 (USD Million)
China Cloud Computing Market by IaaS, PaaS, SaaS, 2019-2022 (USD Billion)
China Cloud Computing Market Share by IaaS, PaaS, SaaS, 2019-2022
China Public Cloud IaaS Market Share, by Vendors, 2022
Modernized Architecture for Cloud Computing Application Structure