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Home > Cloud Computing > China cloud infrastructure spend grows 65% in Q3 2020

China cloud infrastructure spend grows 65% in Q3 2020

Cloud infrastructure services spend in China grew 65% in Q3 2020 to exceed US$5 billion for the first time, according to Canalys.

Seda Nur Cinar by Seda Nur Cinar
November 30, 2020
in Cloud Computing, Cybersecurity
2 min read
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Canalys published a report about cloud infrastructure services spend in China. Cloud infrastructure services spend in China grew 65% in Q3 2020 to exceed US$5 billion for the first time. Total expenditure was over US$750 million higher than in the last quarter and nearly US$2 billion more than in Q3 2019 according to the latest Canalys data.

Alibaba Cloud remained the leader in Q3

China is the world’s second-largest market, accounting for 14% of global investment. The top four vendors collectively accounted for 80% of the total spending in Q3 2020. Alibaba Cloud remained the leader in the China Cloud services market in Q3 with a 41 percent market share. Huawei Cloud and Tencent Cloud both saw growth, each taking a 16% share. Baidu AI Cloud was the fourth-largest cloud service provider, accounting for 7% of total spending in the country.

Canalys Chief Analyst Matthew Ball
Matthew Ball, Chief Analyst, Canalys

Canalys Chief Analyst Matthew Ball said,

“Demand for cloud-based services reached new heights in China, as organizations reprioritized IT spending and accelerated digital transformation projects. Remote learning and working, as well as gaming, streaming, eCommerce and other online services, continued to drive consumption of cloud infrastructure resources. This, combined with the digitalization of processes and operations within enterprises and government organizations, will maintain demand. Organizations have overcome challenges caused by the COVID-19 pandemic by using digital services developed by cloud service providers.”

The Chinese cloud service providers have reacted quickly to the pandemic and subsequent lockdown at the start of the year. However, contracts were restructured, especially in hard-hit sectors such as hospitality and transportation. Cloud service providers are now focusing on the needs of specific industries.

china-cloud-spend

While Alibaba Cloud reported strong growth in finance and retail, Huawei Cloud has seen rapid growth in the finance, industrial manufacturing, Internet and government sectors. Tencent Cloud saw rising demand for its PaaS solution. Baidu AI Cloud was boosted by growth in the transportation, healthcare and financial sectors.

See more Cloud Computing News


Tags: Alibaba CloudCanalys
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Seda Nur Cinar

Seda Nur Cinar

Seda Nur Cinar is the news editor of the Cloud7 News. With more than 8 years of Linux and cloud experience, Seda is a Linux and opensource enthusiast, security researcher and a web application developer.

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