Canalys: Chinese cloud infrastructure spending reaches almost $3B a quarter

Canalys: Chinese cloud infrastructure spending reaches almost $3B a quarter

4 years ago
Anonymous $4bURcB5AtU

https://techcrunch.com/2019/12/02/canalys-chinese-cloud-infrastructure-spending-reaches-almost-3b-a-quarter/

Canalys released its latest cloud infrastructure spending numbers for China today, and it’s all trending upward. For starters, the market reached $2.9 billion for the quarter, an increase of 60.8%. China now accounts for 10.4% of worldwide cloud spending, meaning it’s second only to the U.S. in overall spending.

That is pretty amazing, given that China was late in coming to the cloud, but also not surprising given the sheer size of the overall potential market. Once it got going, it was bound to gain momentum simply because of that size. Still, it is surprising that it is three times the size in terms of market share of the next closest country, according to Canalys.

Canalys: Chinese cloud infrastructure spending reaches almost $3B a quarter

Dec 2, 2019, 9:29pm UTC
https://techcrunch.com/2019/12/02/canalys-chinese-cloud-infrastructure-spending-reaches-almost-3b-a-quarter/ > Canalys released its latest cloud infrastructure spending numbers for China today, and it’s all trending upward. For starters, the market reached $2.9 billion for the quarter, an increase of 60.8%. China now accounts for 10.4% of worldwide cloud spending, meaning it’s second only to the U.S. in overall spending. > That is pretty amazing, given that China was late in coming to the cloud, but also not surprising given the sheer size of the overall potential market. Once it got going, it was bound to gain momentum simply because of that size. Still, it is surprising that it is three times the size in terms of market share of the next closest country, according to Canalys.