Recently, Saide Consulting, a domestic authoritative institution, released the Annual Report on China's Government Cloud Market Research for 2023-2024. With unique technological innovation capability and profound service experience, Kingsoft Cloud ranks among the leaders in China's government cloud market. This also indicates that Kingsoft Cloud's technical and service capabilities around the value realization of government data elements have been highly recognized by the industry.
The report comprehensively analyzes the market size and structure, market pattern, and development trend of the government cloud. According to the data in the report, the market maintained a relatively fast growth in 2023, with a market size of 107.89 billion yuan and a year-on-year growth rate of 15.7%. Among them, the market size of government cloud security and operation and maintenance is 19.53 billion yuan, accounting for 18.1% of the market share, which has increased by 0.6 percentage points compared to 2022. In the process of accelerating the marketization of data elements, the government's requirements for data security have continued to increase, which has promoted the rapid development of China's government cloud security and operation and maintenance market.
The report pointed out that generative AI has become a hotspot, and cloud vendors have upgraded their products and services to facilitate the construction of smart government and improve government service efficiency. Among them, Kingsoft Cloud has constructed an efficient and stable government cloud platform through the public cloud's homomorphic galaxy platform, aiming to achieve deep integration and efficient collaboration of various solutions on this platform. It is accelerating its upgrade to the "cloud-based" stage of information sharing, data integration, deep application, and business innovation.
Specifically, Kingsoft Cloud's Galaxy platform is based on a powerful cloud computing infrastructure and deeply integrates cutting-edge technologies such as big data and artificial intelligence. Through optimization of resource management and service processes, it effectively reduces the operating costs of government agencies, not only provides strong technical support for government digital transformation but also improves the cost-effectiveness of the services. Thanks to a deep understanding of government business needs, Galaxy platform can provide customized cloud services and solutions for different government departments, meet various government needs, and is strictly compliant with national information security standards and has passed multiple national security compliance certifications, which can ensure the security and privacy protection of government data. In addition, Kingsoft Cloud's Galaxy platform continues to innovate technologically, exploring new models and applications of government cloud services, and through the galaxy operation platform GSO and the galaxy operation and maintenance platform GSM, assisting government departments in achieving operational and operational efficiency. It has successfully completed the adaptation work and commercialization of domestically produced processors such as Kunpeng and Haiguang in various projects.
In response to the core application scenarios of the government cloud's field, Kingsoft Cloud adheres to the overall strategy of "cloud + number + intelligence + ecology", actively promotes standardized work, connects the process loop from the front-end market to operation and maintenance, and provides customers with one-stop cloud services through industry-wide models, data element markets, and office collaboration. It meets various digital transformation needs, accelerates digital transformation, and promotes the integration of technology and service around the value realization of government data elements. With its powerful technological capabilities, as well as continuous investments in areas such as one cloud and multiple cores, security compliance, operation and maintenance, etc., Kingsoft Cloud's Galaxy platform has played an important role in many benchmark projects such as Beijing Government Cloud and Zhuhai Government Cloud.
So far, Kingsoft Cloud has created many benchmarks. For example, the Company jointly constructs and operates Shanghai Digital Asset Cloud with Shanghai Su Chan. It uses the three main drivers of data elements, big models, and big offices to drive ecological partners, enrich cloud services, and support business cloudification. In the Shenzhen State-Owned Assets Cloud Phase III project, Kingsoft Cloud will work with Shen Zhi City Group to first add data asset services, basic and applied model services of big models, and intelligent office services to the state-owned asset cloud service list, fully supporting technological innovation and intellectual transformation. In the Rizhao State-Owned Asset Cloud project jointly created with Rizhao Jiao Neng Group, Kingsoft Cloud, as the technology provider, helps the State-Owned Assets Supervision and Administration Commission to carry out cloud security coordination and data aggregation mining, supports the digital transformation of state-owned enterprises and the optimization of state-owned assets supervision and management, and accelerates the upgrading of state-owned enterprise digitization, networking, and intellectualization.
The report predicts that by 2026, the scale of China's government cloud market will reach 162.09 billion yuan, with a compound annual growth rate of 14.5%. Under this background, Kingsoft Cloud will continue to focus on the value realization of government data elements, lowering costs and increasing efficiency in the construction of government clouds, and upgrading the intelligence of government cloud applications. It will continue to develop technical and service capabilities around Galaxy platform and work with cooperative partners to assist in the construction of smart government and improve government service efficiency.
Source: WeChat Public Account. Kingsoft Cloud