The latest report from Canalys shows that the cloud infrastructure service market in mainland China continued to grow in the third quarter of 2023, showing vigorous vitality. The market size reached US$9.2 billion, a year-on-year increase of 18%, accounting for 12% of global cloud spending. The three giants Alibaba Cloud, Huawei Cloud and Tencent Cloud accounted for 73% of the market share. The report specifically pointed out that Chinese cloud service providers are increasingly paying attention to the construction of partner ecosystems, continue to increase investment in AI technology, and actively embrace the development opportunities brought by artificial intelligence.
According to Canalys estimates, cloud infrastructure services spending in mainland China increased by 18% year-on-year in the third quarter of 2023, reaching US$9.2 billion, accounting for 12% of global cloud spending. Cloud service providers remain focused on AI innovation and investment, and continue to launch new AI products and solutions. Alibaba Cloud, Huawei Cloud and Tencent Cloud, the top three cloud service providers in mainland China, saw a combined market share increase of 22%, accounting for 73% of customer spending. Among cloud service providers in China, the focus on cultivating and prioritizing partner ecosystems is rising. While China's cloud market may be in a phase of steady growth, top cloud service providers continue to invest heavily in AI technology, highlighting their collective commitment to embrace this growth trend.China's cloud computing market continues to develop at a rapid pace, AI technology has become the main driving force, and the competitive landscape of leading manufacturers has become increasingly clear. In the future, the cloud computing market will continue to show growth and be deeply integrated with artificial intelligence technology, providing a strong impetus for the digital transformation of enterprises.