Skip to content

Exponential Growth in Cloud Computing Expected in Chinese IT Market

Well-known Chinese site Sina recently reported that Chinese IT experts have the strong expectation of major growth in the Chinese cloud computing market. The Ministry of Industry and Information Technology just released its 2014 Cloud Computing Whitepaper, which revealed that the Chinese cloud computing market size was RMB 4.76 billion (around US$777 million) in 2013, representing a 36 percent year-over-year growth rate that was above the global average. Senior government officials at the Ministry indicated that China’s key strategy is to build large scale leading companies in the field and to establish a full-cycle industrial chain (from suppliers to retailers). Financial market analysts expressed the belief that China is ready for a major boost in the cloud computing market segment, since the business models and customers are becoming much more mature.
Source: Sina, September 23, 2014