The tremendous rise of the Chinese cloud market

According to Macau Business, the top five companies that have contributed to China’s cloud industry the most include Inspur, China Telecom, IBM, Huawei, and Accenture.

China’s current cloud expenditure is being estimated at 13.7% of the global total according to The Register . However, even as the cloud sector has witnessed a massive boom, it is still miles behind others in the industry.

The industry share of Microsoft Azure (in terms of cloud) alone is higher than the combined share of China’s cloud. During this third quarter of 2020, Microsoft Azure alone bagged $6.9.

The demand for cloud in China has boomed largely due to the increasing digitization of processes owing to the Coronavirus pandemic. The industries that have been the biggest drivers of this boom are e-commerce, online learning, remote working, online streaming, and gaming.

When comparing the China cloud with the US cloud, it has been noticed that the China cloud offers less power availability since they operate out of data centers. On the other hand, the US cloud industry is increasingly looking towards increasing the cloud power for customers per rack.