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China's public cloud computing market size 2017-2023

Cloud computing services have grown in popularity over the years due to the ease of access and flexibility they provide to users who can access their work for the cloud anywhere they go. This convenience is owing to the vast network of remote data control centers. In China, public cloud computing has shown promise with forecasts for 2023 reflecting an increase to nearly 231 billion yuan in market size.

 The cloud computing market in China 

As of 2017, the aggregated size of China’s cloud computing market was valued at 26 billion yuan with estimates for the following years reflecting an upward trend. By 2018, the annual revenue earned by this industry totaled almost 103 billion yuan. The three main categories of services offered by the cloud computing sector are namely Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS).

 Public cloud computing services in China

China is the second largest public cloud computing market in the world after the United States. While China’s public cloud computing market is relatively small compared to the private cloud market, 2019 was the year in which the public cloud computing market size outperformed private in terms of growth, exhibiting a 57 percent year-on-year change.

Size of the public cloud computing market in China from 2017 to 2019 with a forecast until 2023

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Sources

Release date

August 2020

Region

China

Survey time period

2017 to 2019

Supplementary notes

* Estimate.
Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.12 euros (as of August 2020).

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