Cloud infrastructure services spend in China exceeds US$2 billion

Cloud infrastructure services spend in China exceeds US$2 billion: The total spend on cloud infrastructure services in China reached US$2.1 billion for the first time in Q1 2019. China accounted for 9.2% of the worldwide total, making it the second largest market behind the US at 48.4%. Amazon Web Services (AWS), Microsoft Azure and Google Cloud dominate globally but this is not the case in China. Government initiatives and regulations mean cloud service providers headquartered in China account for four of the top five. Alibaba Cloud led in Q1 with 47.3% of the market, followed by Tencent Cloud with 15.4%. AWS was third, accounting for 8.8%, closely followed by Baidu Cloud (8.0%) and China Telecom (6.8%).

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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