According to a recent report released by market research firm Canalys, China's cloud infrastructure market grew by 54% to $6.6 billion in the second quarter of 2021, according to Singapore's Lianhe Zaobao website. As the four largest cloud computing giants in China, Alibaba Cloud, HUAWEI CLOUD, Tencent Cloud and Baidu Intelligent Cloud successfully maintained their market dominance, with an overall growth of 56%, accounting for 80% of total cloud computing expenditure. Among them, the Q2 growth rate of Baidu Intelligent Cloud is not only higher than the growth rate of the entire market, but also higher than the overall growth rate of the 4 giants.
According to Baidu's financial report for the second quarter of 2021, Baidu's intelligent cloud revenue in the second quarter increased by 71% year-on-year, and its market share in the fields of industrial Internet, basic cloud, and intelligent transportation achieved further growth. The differentiated competitive advantage of cloud intelligence integration composed of "cloud suitable for running AI" and "AI that understands the scene" has emerged.
Specifically, in the field of industrial Internet, Baidu Intelligent Cloud recently won the bid for the 179 million yuan industrial project in Tongxiang, Zhejiang Province, and will work with the local government to build an industrial Internet platform for new materials and fashion industries, cultivate the world's advanced manufacturing industry cluster, and create a "Tongxiang intelligent manufacturing model". In the field of basic cloud, Baidu Intelligent Cloud provides private cloud solutions and other cloud applications to help Geely, China's largest private automobile group, achieve full-scenario "cloud migration". In the field of intelligent transportation cloud services, Baidu ACE intelligent transportation solutions continue to expand in scenarios and landing cities. As of June 2021, the number of cities covered by Baidu ACE Intelligent Transportation signing tens of millions of orders has increased to 20, four times that of the same period last year.
Alex Smith, vice president of Canalys, noted that Chinese tech companies can always rely on their home markets. Leading cloud service providers such as Baidu Intelligent Cloud are expected to open up more growth space in this market.
Source: Reference News Network