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Industry

China spends big on cloud infrastructure services: report

December 05, 2019


Abstract : China is spending heavily on cloud infrastructure services in its digitalization drive, a report showed.

BEIJING, Dec. 4 (Xinhua) -- China is spending heavily on cloud infrastructure services in its digitalization drive, a report showed.

China's total spending in this field increased 60.8 percent year on year to reach 2.9 billion U.S. dollars in the third quarter of this year, making it the world's second largest cloud business market, according to report by global market research firm Canalys.

China-based cloud service providers continued to dominate the domestic market, taking five of the top six positions, the report showed.

"The demand for on-demand cloud infrastructure services in China continues to grow, as more private and public organizations embark on digital transformation projects and start building platforms and applications to develop new services," said Wong Yih Khai, senior analyst at Canalys.

The development of artificial intelligence capabilities is one of the key differentiators for cloud service providers, Wong said.

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Keyword: cloud infrastructure

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