The Private Cloud Market Reaches $5.29 Billion, Growing Demand for Scaled Replication of AI Application Scenarios

In 2022, China's industrial cloud IaaS + PaaS market reached $8.38 billion, a year-on-year growth of 29.2%. The enterprise-built cloud (private cloud) market reached $5.29 billion, with rapidly growing demand for scaled replication of AI application scenarios. The private cloud market in the resource and energy sector reached $2.09 billion, while the equipment manufacturing industry reached $840 million, and the communication and electronics manufacturing sector reached $1.34 billion. Huawei, Tencent, and Amazon Web Services are leading in the resource and energy, equipment manufacturing, and communication electronics manufacturing industries. The AI large model has achieved its first commercial landing in the mining industry.