China's cloud service market surges in 2021: report

BEIJING - China's cloud infrastructure services market expanded rapidly in 2021, according to a report by global technology market research firm Canalys.

The Chinese market scale of cloud infrastructure services surged 45 percent to $27.4 billion, the report said.

In the fourth quarter of 2021 alone, the country's market scale of cloud infrastructure services stood at $7.7 billion, up 33 percent year on year.

Consumption in fields such as online workplace and education services, as well as e-commerce amid the ongoing COVID-19 pandemic, was the main driver of the high-speed growth, said Canalys.

The report predicted that China's cloud infrastructure services market will reach $85 billion in 2026, with a compound growth rate of 25 percent in the five-year period.