Report Suggests China’s Cloud Computing Market to Mushroom to $6 Billion in 2017
A new report suggests China’s cloud computing market will mushroom to a value of 37.2 billion yuan, or $6 Billion, in 2017. The report was presented by China Securities Journal, a Beijing-based Chinese language newspaper sponsored by the Xinhua News Agency. It suggests the Chinese market will experience an average annual market growth rate of 26% between 2013 and 2017. This is significantly higher than the 17% growth the global market is experiencing.
China has three major telecommunications organizations that are keen to leverage the benefits of the cloud. China Telecom, China Mobile and China Unicom, have publically announced their commitment to investing in the cloud market. China Telecom is committed to developing a hybrid cloud potential by 2015 and China Mobile has also committed substantial amounts to developing data centers. China Unicom also aims to establish around 10 cloud data centers in China.
Alibaba’s cloud-computing arm, Aliyun reported it would set up its first data center in Hong Kong on May 12, 2014, underscoring a policy of expansion that not includes Southeast Asia’s markets. That followed the company’s Initial Public Offering (IPO) filing in the United States. The company also has centers in Hangzhou, Qingdao, and Beijing.
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