Report: China's cloud computing market reached US$7.3 billion in the first quarter, a year-on-year increase of 21%

On June 8, according to the report on China's cloud computing market in the first quarter of 2022 released by research firm Canalys, the overall cloud market in China maintains high growth.
In terms of market share, the "China Four Clouds" consisting of Alibaba Cloud, Huawei Cloud, Tencent Cloud and Baidu Smart Cloud accounted for 78.8% of the market share. Compared with the same period in 2021, the market shares of Alibaba Cloud and Huawei Cloud decreased slightly, while Tencent Cloud and Baidu Smart Cloud continued to rise. Among them, Baidu Smart Cloud grew by 43% year-on-year, outperforming the market average growth rate of 21% at twice the speed.
The Canalys report mentioned that although the market leader in China remains unchanged in the first quarter of 2022, the top four cloud service providers are still Alibaba Cloud, Huawei Cloud, Tencent Cloud and Baidu Smart Cloud, but the services between cloud service providers remain unchanged. Capability differences are narrowing, and competition among manufacturers is accelerating.
Regarding the situation of the global cloud services market, Canalys and Synergy Research Group previously released reports saying that the global cloud services market grew by 34% in the first three months of 2022. Canalys believes that it will grow to $55.9 billion, and Synergy Research Group believes that it will be $53 billion. Dollar. Amazon Web Services (AWS) maintains the No. 1 position (both Canalys and Synergy Research Group agree that it accounts for 33% of the overall cloud market), with Microsoft Azure and Google Cloud in second and third, respectively. According to Canalys, businesses of all sizes are adopting cloud computing to deal with global supply chain issues, cybersecurity threats and geopolitical instability. "The cloud has been a hot market, and transformation strategies are emphasizing digital resiliency to meet today's and future market challenges," said Blake Murray, research analyst at Canalys.
Growth in the cloud market has been particularly pronounced in Asia Pacific (APAC), which Synergy previously said in March accounted for a third of the global cloud infrastructure market in the fourth quarter of 2021, growing much faster than North America or Europe, the Middle East and Africa (EMEA) regional market.
According to Canalys' annual China cloud services market share report, 2021 will be a strong year for mainland China, with the cloud infrastructure services market growing 45% to $27.4 billion. According to Canalys, the cloud infrastructure market in mainland China will reach US$85 billion by 2026, with a five-year compound annual growth rate of 25%
According to Canalys analysis, with the accelerated deployment of new infrastructure plans in China and the increasingly urgent need for digital transformation of enterprises, the market has put forward new requirements for cloud service providers. In addition to the demand for underlying cloud technology, under the general trend of digital transformation, enterprises pay more attention to the service capabilities provided by AI technology and the acceleration of business innovation brought to the industry.