Aerial photo taken on March 1, 2022 shows a cloud computing base in Zhongwei City, northwest China's Ningxia Hui Autonomous Region. (Xinhua/Wang Peng)
BEIJING, May 23 (Xinhua) -- China's public cloud service market will register a compound growth rate of 30.9 percent in the next five years, according to a report published by the International Data Corporation (IDC).
The IDC estimated that the market size will reach 105.76 billion U.S. dollars by 2026.
The global share of China's public cloud service market will rise to 9.9 percent from 6.7 percent in 2021, according to the IDC.
The accelerating trend of digital transformation of enterprises and the country's policy incentives will bring new opportunities, the company said.
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