China expects trillion yuan in cloud computing annual output value by 2025

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China"s annual output value of cloud computing is expected to reach trillion yuan by 2025 and the cloud computing market in China is in a period of rapid development, with a compound annual growth rate exceeding 40%, the "Cloud Computing White Paper (2023)" released by the China Academy of Information and Communications Research yesterday showed that.

Data shows that in 2022, the global cloud computing market size is about 3.5 trillion yuan, with a growth rate of 19%. It is expected that under the stimulation of demand for large models, computing power, and other factors, the market will continue to maintain stable growth, and by 2026, the global cloud computing market will reach about one billion yuan.

In 2022, China recorded an annual output value of 455 billion yuan in the cloud computing market, an increase of 40.91% from 2021. Compared with the global growth rate of 19%, China"s cloud computing market continues to be in a period of rapid development. It is expected that China will record an annual output value of trillion yuan in cloud computing in 2025.

The strong growth of operators has led to a new round of market development in cloud computing. According to financial report data, the cloud computing market of telecom operators grew rapidly in 2022. Tianyi Cloud, Mobile Cloud, and Unicom Cloud recorded revenue of 57.9 billion yuan, 50.3 billion yuan, and 36.1 billion yuan respectively, with growth rates of more than 100%, far exceeding the industry average.

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