China's private cloud computing market size 2015-2023

Technologies such as cloud computing has provided the most crucial basis for the big data industry by providing both individual users and companies with mass storage facilities that can be accessed at anytime from anywhere. By 2023, China’s private cloud computing market grew in size and was worth 156 billion yuan. 

 General cloud management services in China 

Back in 2018, the overall size of the cloud management services market in China figured over 300 million U.S. dollars, but the market has grown significantly since then. Among the three services grouped under this category, infrastructure-as-a-service (IaaS) was the largest market segment with a value of 338 billion yuan.

 Cloud computing usage by Chinese companies 

 In 2019, almost 15 percent of companies in China used private cloud apps while nearly 10 percent used both private and public cloud applications. Although the private cloud computing market’s year-on-year change dropped slightly between 2018 and 2019, the benefits reaped by the Chinese corporate world are still noteworthy. As of May 2020, around 43 percent of Chinese corporations experienced increased efficiency in IT operations while 60 percent saved up to 30 percent on expenses, after using cloud applications.