Compared to 2014, the share of China's public cloud IaaS market in the world has doubled in 2018, reaching $4.65 billion.
In 2018, among the top ten public cloud IaaS service providers in the world, China has four service providers including Alibaba, Tencent, China Telecom and Jinshan Cloud. In 2014, only one company in Alibaba was shortlisted. Compared with other regional markets in the world, the rapid development of China's Internet industry, strong policy push, active market demand, and large investment by service providers have made public ownershipcloud serviceThe market has achieved rapid development and has also brought the possibility of growth and development for more public cloud service providers in China.
Zhu Gelan, IDC China Public Cloud Service Research Manager, said: "In the next five years, the growth rate of China's public cloud IaaS market is still expected to continue to be higher than the global level. China's importance in the global public cloud market will further increase. With the partial public ownership in China Cloud IaaS service providers continue to expand their overseas nodes and enhance their comprehensive service capabilities. Domestic and international service providers will generate more positive confrontation. China's public cloud IaaS service providers need to continuously strengthen their R&D capabilities, expand their industry solution capabilities, and focus on building comprehensive services. Ecology can make a difference in the wider global competition."