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Gartner predicts that by 2025, more than 85% of enterprise applications worldwide will have migrated to cloud, which will increase the value of the global cloud computing market to an estimated US$350 billion. 

According to the White Paper on the Development of Cloud Computing (2020) published by China Academy of Information and Communications Technology, the private cloud market in China was worth 79.1 billion yuan (US$12.37 billion) in 2020, 22.6% higher than it was in 2019. This market is expected to continue to grow steadily in the next few years and reach 150 billion yuan by 2023.


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