Alibaba announced the results of the second quarter of fiscal 2021 (third quarter of 2020) showing that Alibaba Cloud’s revenue in the third quarter of this year increased by 60% year-on-year, and the growth rate hit a new quarter this year, showing that it is further consolidating China’s largest cloud computing company. status.
Alibaba Cloud’s leading advantage in the domestic market has been continuously consolidated since the fourth quarter of last year. The data of the Chinese cloud computing market in the fourth quarter of 2019 released by the market research agency Canalys showed that Alibaba Cloud ranked first with a market share of 46.4%. Compared with the 45% market share in Q3 of 2019, it has increased, accounting for almost half of the domestic cloud computing market.
In contrast, the second-ranked Tencent Cloud and the third-ranked Baidu Cloud accounted for 18.0% and 8.8% of the market share respectively, far behind Alibaba Cloud. Alibaba Cloud has become a dominant player in the domestic cloud computing market. .
As the advantages of cloud computing are gradually recognized by enterprises, more and more domestic enterprises are using cloud computing to promote the domestic cloud computing market to enter a stage of rapid growth. IDC released data shows that the public cloud market in the Chinese market in the first half of this year has a year-on-year scale An increase of 51% to US$8.4 billion.
In the second quarter of this year, Alibaba Cloud's revenue increased by 59% year-on-year, which was higher than the growth rate of China's overall cloud computing market; the data in the third quarter of this year showed that Alibaba Cloud computing further accelerated growth, which promoted the further growth of Alibaba Cloud's domestic market share . This has always been the case in the Internet industry, and the strong are always strong, and the same is true in the cloud computing market.
From the corporate market, we can see that most domestic companies have chosen Alibaba Cloud. According to the financial report released by Alibaba, about 60% of domestic listed companies have chosen Alibaba Cloud. This shows that Alibaba Cloud has won the recognition of more and more domestic companies. .
Alibaba Cloud is a surprise for Alibaba. In the early years, Alibaba developed e-commerce business and found that data traffic increased sharply during shopping peak seasons such as Double Eleven. This led to the development of cloud computing. Later, the 12306 Spring Festival train ticket purchase business Due to the dramatic increase in data traffic and the shift to Alibaba Cloud services, Alibaba Cloud quickly gained fame in the domestic market, and finally allowed Alibaba Cloud to develop into today's giant.
With the rise of the cloud computing market, many domestic companies are trying to enter this market. In addition to the top three, there are cloud computing such as Huawei Cloud and Kingsoft Cloud. However, from the perspective of market development trends, latecomers have to compete with Alibaba Cloud. Computational competition is getting harder and harder.
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