Volc Engine Ranks First in China and Fifth Globally in Gartner's Report on On-Premise Capabilities
Gartner released its first Magic Quadrant for AI Development Platforms, with Volc Engine ranked as the top challenger. It has the fifth strongest on-premise capabilities globally and first in China. Its strengths lie in a complete loop of models, tools, computing power, and scenarios, enabling leading customers in industries such as consumer goods and finance to quickly build multimodal applications. By the first half of 2025, Volc Engine's market share in large model services on public clouds in China reached 49.2%, capturing nearly half of the Chinese market.