Cost reduction with rising internet use drives the Chinese cloud computing market

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The market is poised to demonstrate a robust growth of 77.5% CAGR during 2010-15. The report begins with the brief introduction defining cloud computing with its key characteristics followed by a brief overview on the historical evolution of cloud computing.

Subsequently, the report covers major categories of cloud computing, cloud service products available in China and different types of deployment mechanisms of cloud computing in China. Market overview section covers the domestic cloud computing market size and its future growth prospects for the period during 2010-15. This section further identifies major cloud computing hubs of China along with key investments made that spans across various new projects.

Among various pros & cons of cloud computing, the report finds that ERP and CRM attain greater popularity with wider availability among all cloud applications.

Major factors driving the growth of cloud computing market in China include cost reduction, speed, flexibility and responsiveness, widespread adoption of internet, rising smartphone usage, indigenous innovation, and scope in (medium and small-sized enterprises) MSMEs.

The report finds that significant cost reduction motivates Chinese customers towards adopting cloud computing services. Also, nearly half of the survey respondents believe that cloud computing reduces upfront IT costs. In addition, faster computer processing speed and greater internet bandwidth drives the cloud computing in China. As china’s internet population estimated to rise by 17% during 2007–2015 propels the growing cloud computing market, mobile cloud computing market is also showing huge potential to grow owing to rising smartphone use and development of 3G/4G networks in China. Chinese indigenous companies have contributed to the growth of innovation in cloud computing. Many Chinese colleges and institutions have made indigenous technological innovation in cloud computing. China’s cloud computing market stands to capitalize upon the untapped potential in 47 mn domestic MSMEs.

Players operating in the market also face challenges which are impeding their development and growth. Major challenges identified include lack of knowledge & experience, lesser use of virtualization and data security concerns.

The report finds that the lack of expertise and knowledge among IT executives restricts the growth of cloud computing in China. Barely 14% of Chinese companies have adopted virtualization as compared to that of 74% in the U.S. Over 80% of Chinese executives consider data security threat as one of the major concerns in cloud computing.

The report also delves into the role of government and key initiatives taken in the wake of supporting the cloud computing market in China. Furthermore, the report highlights key pilot project bases for Cloud Computing in China.

Emerging trends in the cloud computing market include China’s promising national policy and emerging cloud computing industrial chain.

The competition section outlays the competitive landscape of the cloud computing market in China briefing about the domestic and foreign players existing in the market. This section provides a three dimensional analysis of key players’ revenues, profits and market capitalization. The report also features brief profiles of major domestic and foreign players in the market and a snapshot of their corporation, financial performance, business highlights and their product portfolio, providing an insight into the existing competitive scenario.

Some of the key statistics or factors impacting the cloud computing market in China covered in the report include domestic market size, availability & popularity of solutions, initial opportunities for using clouds, response on benefits of cloud computing, broadband user base, average internet access speed – top 5 province, internet population, top 5 countries – internet users (2010), rising smartphone sales, top 5 countries – mobile phone users (2010), virtualization adoption, response by Chinese on data security concern, etc.

Key takeaway section summarizes the entire market in terms of initiatives taken by government as well as the players, trends and challenges persisting in the cloud computing market in China.

Netscribes is a market research firm that supports Market Insights, Research & Analytics, Media & Publishing and Content Management. Netscribes services include Sales Insights, Market Intelligence, Social Media Insights, and Brand Surveillance for global clients.

For more details on the content of the report and our services you can contact us at [email protected]

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Future of Cloud Computing: 7 Ruling Trends for 2021

Businesses are now looking for ways to survive the covid-19 crisis, and cloud computing is a great solution to that! Find out the future of cloud computing here.

Since the covid-19 pandemic,Guest Posting cloud computing has gained significant traction ever since it came into the spotlight. These uncertain events have further pushed the adoption to greater lengths.

Businesses of all sizes are now looking for ways to survive the crisis, and there is no better option than cloud computing. That is why the cloud computing market is at nearly $320 billion in 2020 and in the future, cloud computing is expected to reach around $832 billion by 2025.

Do you know, in the last couple of years global IT spending has been declining, while cloud computing spending is growing every year?

Trust me, the cloud computing trend is not about to stop soon. The demand for cloud computing is increasing and the cloud computing industry is adapting to keep up with the trends.

Here are 7 major cloud computing trends of 2021 and beyond.

7 Cloud computing trends that are ruling 2021 #1 Widespread use of AI in the workplace
AI (Artificial Intelligence) covers a wide range of things, including virtual assistants, chatbots, and location services. The goal is to automate repetitive tasks while saving time and money.

The worldwide revenue of the AI market is expected to surpass USD 300 billion by 2025.

As businesses push to streamline and optimize their business, AI will be even more relevant in the workplace.

It is also possible to implement AI to automate payroll, forecast budgets, or improve compliance.

With AI, businesses will be able to terminate most manual tasks and rather than focus on innovation.

#2 Collaboration tools, now more simple and specific
With remote work being the new normal, there has been a surge in the use of collaboration and productivity tools. In the future of cloud computing post-2021, people are more likely to keep working from home, and these collaboration tools will be very important to productivity.

Screen sharing, video conferencing, and chats will become more integrated. This will lead to smooth communication between teams. What’s more interesting is that other AI advancements such as noise cancellation and virtual backgrounds will continue to improve and be more widely used.

#3 Healthcare migrating to the cloud
It is well known that Healthcare has been migrating to the cloud for the past few years and will continue to do so in 2021. Business Wire report says that the global market for cloud technology in the healthcare industry is expected to expand by $25 billion during 2020-24.

As cloud computing allows healthcare systems to store data online, it has opened the door for telehealth. Now, patients can get healthcare right to their door and do routine check-ups or consultations online.

#4 Serverless computing
A relatively new development, Serverless cloud computing is especially helpful for software developers. Instead of maintaining, updating, and scaling up servers, CSPs are responsible for allocating resources.

As the cloud provider charges the company only when it assigns resources to deliver a piece of code, it can definitely be an enormous cost-cutter for businesses. Serverless computing is cost-efficient, energy-efficient, and flexible. It is easy to see why its popularity will continue to grow this year.

#5 Rise of multi-cloud approaches
Cloud providers will gradually realize that they can partner to upsell greater cloud capacity and additional services to meet their customer’s requirements. Thus, later this year, we will see a rise in multi-cloud and joint provider cloud offerings.

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