The growth momentum of China’s public cloud IaaS market remains strong in recent years. This market saw a skyrocketing rise of 157.2% with transactions exceeding 18.44 billion yuan (US$2.68 bn) in 2017.
Such high growth is expected to level off in the next several years. It is estimated to reach 42.67 billion yuan (US$6.21 bn) and 342.58 billion yuan (US$49.87 bn) by the end of 2018 and 2021, respectively.
Within this market, Alibaba accounted for the largest share of 45.5% by revenue (US$1.11 bn) in 2017. Tencent Cloud and China Telecom took the next two positions with a share of 10.3% and 7.6%, respectively.
Amazon Web Services (AWS) realized the fastest growth of 152.33%, followed by Tencent Cloud (136.76%), Alibaba Cloud (89.33%), and Microsoft Azure (82.14%).