Cloud service is the increase, use and interaction mode of Internet-based related services. It usually involves providing dynamic, scalable and often virtualized resources through the Internet. Cloud service refers to obtaining the required services through the network in an on-demand and easy to expand way. This service can be it, software, Internet related, or other services. It means that computing power can also be circulated as a commodity through the Internet.
Current Situation
The market scale of cloud services in China increased from 17 billion yuan in 2016 to 103.3 billion yuan in 2020, with a CAGR of 57% from 2016 to 2020. Due to the continuous development of information and communication technology, enterprise digitization, and the government’s promotion and investment in cloud technology, it is expected that the scale of cloud service market will continue to grow in the future, and its market scale is expected to reach 173.1 billion yuan in 2022.
The cloud service market is divided into three categories according to the three-tier architecture: SaaS (software as a service), PAAS (platform as a service) and IAAs (infrastructure as a service). These three categories provide third-party hosting services through the Internet. Driven by the increasing investment in IAAs infrastructure and the adoption of SaaS as a business solution by large enterprise users, IAAs accounted for the largest proportion in the cloud service market in 2020, accounting for 67.4%, followed by SAAS and PAAS, accounting for 26.6% and 6.0% respectively.
Investment and financing
In 2021, the number of cloud service investments in China reached 243, with a year-on-year increase of 15.17%; In 2021, the investment in cloud services was 59.542 billion yuan, a year-on-year decrease of 5.40%, but still maintained a high investment amount.
For more information, please refer to the Research Report on market prospects and investment opportunities of China’s cloud service industry issued by China Business Industry Research Institute. At the same time, China Business Industry Research Institute also provides services such as industrial big data, industrial intelligence, industrial research report, industrial planning, park planning, the 14th five-year plan, industrial investment attraction and so on.