China spends big on cloud infrastructure services: report
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E-mail Xinhua, December 4, 2019
China is spending heavily on cloud infrastructure services in its digitalization drive, a report showed.
China's total spending in this field increased 60.8% year on year to reach US$2.9 billion in the third quarter of this year, making it the world's second largest cloud business market, according to report by global market research firm Canalys.
China-based cloud service providers continued to dominate the domestic market, taking five of the top six positions, the report showed.
"The demand for on-demand cloud infrastructure services in China continues to grow, as more private and public organizations embark on digital transformation projects and start building platforms and applications to develop new services," said Wong Yih Khai, senior analyst at Canalys.
The development of artificial intelligence capabilities is one of the key differentiators for cloud service providers, Wong said.
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