China Cloud Computing Market Size & Outlook, 2023-2030

The cloud computing market in China is expected to reach a projected revenue of US$ 157,467.2 million by 2030. A compound annual growth rate of 24.5% is expected of China cloud computing market from 2024 to 2030.
Revenue, 2023 (US$M)
$33,925.1
Forecast, 2030 (US$M)
$157,467.2
CAGR, 2024 - 2030
24.5%
Report Coverage
China

China cloud computing market highlights

  • The China cloud computing market generated a revenue of USD 33,925.1 million in 2023 and is expected to reach USD 157,467.2 million by 2030.
  • The China market is expected to grow at a CAGR of 24.5% from 2024 to 2030.
  • In terms of segment, software as a service (saas) was the largest revenue generating service in 2023.
  • Infrastructure as a Service (IaaS) is the most lucrative service segment registering the fastest growth during the forecast period.


Cloud computing market data book summary

Market revenue in 2023USD 33,925.1 million
Market revenue in 2030USD 157,467.2 million
Growth rate24.5% (CAGR from 2023 to 2030)
Largest segmentSoftware as a service (saas)
Fastest growing segmentInfrastructure as a Service (IaaS)
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInfrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)
Key market players worldwideAlibaba Group Holding Ltd ADR, Amazon.com Inc, DigitalOcean Holdings Inc, Alphabet Inc Class A, GigaCloud Technology Inc Class A, International Business Machines Corp, Microsoft Corp, Oracle Corp, Rackspace Technology Inc Ordinary Shares, Salesforce Inc, Tencent Holdings Ltd ADR, The Descartes Systems Group Inc


Other key industry trends

  • In terms of revenue, China accounted for 5.6% of the global cloud computing market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China cloud computing market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 58,523.3 million by 2030.

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Cloud Computing Market Companies

Name Profile # Employees HQ Website

China cloud computing market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cloud computing market will help companies and investors design strategic landscapes.


Software as a service (saas) was the largest segment with a revenue share of 55.08% in 2023. Horizon Databook has segmented the China cloud computing market based on infrastructure as a service (iaas), platform as a service (paas), software as a service (saas) covering the revenue growth of each sub-segment from 2018 to 2030.


The Chinese government has been aggressively encouraging the development of cloud computing through several policy initiatives and assistance programs. The "Internet Plus" and "Made in China 2025" projects are aimed at accelerating the integration of cloud computing with conventional sectors to spur innovation and economic growth. 

China is home to cloud service companies, such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud, which are playing a potent role in China's cloud computing environment by providing local knowledge, resources, and services through investments catered to Chinese businesses and legal requirements.

For instance, in September 2022, Alibaba Group Holding Limited announced plans to invest USD 1 billion over the next three fiscal years to support its cloud computing clients.  The investment would include both monetary and non-monetary incentives, including grants, rebates, and go-to-market strategies. The company is also contemplating a program to assist its clients with localizing their cloud computing requirements.

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Horizon Databook provides a detailed overview of country-level data and insights on the China cloud computing market , including forecasts for subscribers. This country databook contains high-level insights into China cloud computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China cloud computing market size, by service, 2018-2030 (US$M)

China Cloud Computing Market Outlook Share, 2023 & 2030 (US$M)

China cloud computing market size, by service, 2018-2030 (US$M)

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