Huawei still at top while China cloud computing market has declined by 20%

Today, Canalys has released a new report regarding the cloud infrastructure of China. While the overall China cloud market has seen a downfall of 20 percent, Huawei still managed to survive and positioned itself in the top four vendors list in the cloud computing sector.

The latest reports suggest that the cloud infrastructure expenditure of China has crossed over 7.3 billion USD in the second quarter of this year. Ultimately, this is one of the main reasons behind the decline of the cloud computing market.

Besides, this 7.3 billion USD also counts for 12 percent of the overall global clouding expense. As a result, the growth of the Chinese market suddenly slowed down and came below 20 percent of the actual growth rate of the region.

Notably, this is for the first time that China has seen such a low market in its native area. Though, there is a hike of 33 percent in the growth momentum of the global cloud service market. Yet, a loss is a loss, whether it’s in the global merchandise or the native place.

Huawei cloud computing still surfing at heights in China!

Though the China market has stuck in a declining state. Regardless, four top vendors managed and maintained their leadership in the cloud computing market till the end. These include Huawei Cloud, Tencent Cloud, Baidu Smart Cloud, and Alibaba Cloud.

Alibaba Cloud’s market share reached 34 percent, with an increase of 10% and a market share drop of 2 percent. On the other hand, Huawei came up as the second-largest cloud merchandiser with 11 percent of growth year-on-year and made a share of 19 percent in the overall market.

Next, we have Tencent cloud ranking at the third position with 17 percent of China’s cloud computing market. And the fourth is Baidu Smart with 9 percent of the market share and 25 percent growth on yearly basis.

Together, these companies have accounted for 79 percent of the total spending in China. In comparison to previous quarters, these outcomes are low. Yet, it’s always good to have something than nothing!

(Source)

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