Canalys: China's cloud service spending is expected to grow by 12% in 2023

CTOnews.com March 20 news, Canalys today released a report said, 2022 for the mainland of China cloud computing market is a conservative year, The market growth of 10%, The total amount of the year is 30.3 billion US dollars (CTOnews.com note: Currently about 208.767 billion yuan); The fourth quarter ended with a year-on-year growth of 4%, The quarterly total is 7.9 billion US dollars (Currently about 54.431 billion yuan).

The report notes that growth in 2022 has declined significantly compared to the strong performance of the past few years (annual growth rates of more than 30% in the previous three years). In 2023, Canalys expects China's cloud Infrastructure services spending to grow 12% for the full year.

According to Canalys, Alibaba Cloud, Huawei Cloud, Tencent Cloud and Baidu Smart Cloud, the top four cloud computing vendors in the mainland of China, grew 9 per cent in 2022, accounting for 79 per cent of total cloud service customer spending.

Alibaba Cloud remained No.1 in 2022, accounting for 36% of total customer spending on cloud Infrastructure services after growing 7% year-on-year.

Huawei Cloud ranked second with a 19% market share, growing 13% annually, ahead of overall market growth.

Tencent Cloud ranked third with a market share of 16%.

Baidu Smart Cloud accounted for 9% of China's cloud computing market in 2022, and grew by 11% year-on-year.

▲ Source: Canalys Reference

China's cloud services spending will grow by 12% in 2023