[TechWeb] May 14 news, the latest "China Financial Cloud Market (second half of 2021) tracking" report released by IDC shows that the size of China's financial cloud market reached 3.9 billion US dollars in the second half of 2021. The continuous expansion of the range of cloud computing products used by financial customers, the distributed transformation of systems and the construction of independent cloud computing infrastructure have promoted the financial cloud market to maintain rapid growth, with an increase of 39.3% in the current period compared with the same period last year. Of these, the infrastructure and solution markets grew by 38.4% and 41.4%, respectively.

In this period, the market growth rate of financial cloud platform has reached 42.9%, and the market competition pattern is basically stable.$BABA-SW (09988.HK) $、$Tencent (00700.HK) $, Huawei,$Baidu, Inc. (BIDU.US) $Smart Cloud,$JD.com (JD.US) $Cloud and others still occupy more than 80% of the market share of financial cloud platforms. Under the theme of data, intelligence and development, full-level data middleware and distributed middleware, cloud database, converged data lake, AI middleware and AI machine solutions, scene-based financial cloud platform, etc., are being favored by more and more financial institutions. At the same time, head financial institutions have generally completed or are improving the cloud native technology stack, laying the foundation for a higher level of distributed system transformation and development.