In the second half of 2021, the overall market of China's public cloud services (IaaS/PaaS/SaaS) reached US$15.13 billion, of which the IaaS market increased by 40.1% (47.5% in H1) and the PaaS market increased by 55.7% (53.9% in H1) year-on-year, according to data from IDC.
From the perspective of the IaaS + PaaS market, the first half of 2021 increased by 43% (vs. 48.6% in H1) year-on-year, down 6% from the first half of 2021, but still maintained the highest growth rate in the world.
In the next five years, China's public cloud market will continue to grow at a compound growth rate of 30.9%. It is expected that by 2026, the market will reach US$105.76 billion, and the global share of China's public cloud service market will increase from 6.7% in 2021 to 9.9%.
The competition in China's cloud computing extends from focusing on infrastructure to the competition of comprehensive cloud platform capabilities. In addition to increasing investment in infrastructure construction at...
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