The market size of China's big data platform public cloud computing service reached 4.96 billion RMB. Alibaba Cloud ranked first with a market share of 40.2%; Amazon Web Services ranked second with a market share of 16.9%; followed by Huawei Cloud, Tencent Cloud, etc.
According to the IDC report data, the market size of China's big data market reached 17.93 billion RMB in 2023, an increase of 24.6% compared to 2022. The application of large models and generative AI has driven the demand for easier and more accurate data management; in addition, the growth of real-time data processing and stream data processing workloads is also a key driver of this market growth.
The market size of China's big data platform public cloud computing service reached 4.96 billion RMB. Alibaba Cloud ranked first with a market share of 40.2%; Amazon Web Services ranked second with a market share of 16.9%; followed by Huawei Cloud, Tencent Cloud, etc. In the past five years, IDC has also witnessed the rapid growth of the market for big data storage and computing services on public clouds.
Market size of private deployment of big data
The market size of China's private deployment of big data platforms reached 10.71 billion RMB in 2023. Huawei ranked first in the market share of private deployment of big data platforms; followed by Alibaba (09988), ranking second in the market; followed by Tencent Cloud, Xinghuan Technology (688031.SH), Koji Technology and Bairui Data.
The overall market for big data
In 2023, China's big data platform market reached a total scale of 17.93 billion RMB, an increase of 24.6% compared to 2022. Huawei had the largest market share of 24.7%, followed by Alibaba with 19.5% market share, and Tencent (00700) in third place.
Recommendations from IDC to technology providers:
Markets with potential: advanced manufacturing, automotive industry, and financial industry. The advanced manufacturing industry is expected to maintain performance growth in 2024. The automotive industry is driven by overseas expansion and the transformation to smart driving, and investment in big data continues to grow.
Changes in products and technologies: expanding demand for streaming data - streaming data collection and analysis is no longer limited to specific vertical industries such as financial services, health technology, and logistics. Your product/solution portfolio needs to rapidly provide streaming data capture and analysis capabilities. Consider the future role of graph databases and how they can enhance your future product plans. Not only vector databases, but property graphs are considered the ideal choice for AI vectors, but they can also be used for data definition and governance.
Opportunities brought by large models and generative AI applications for data platforms: further breakthroughs in large models and industry models still require a wider range of data sources, many of which have not yet been stored; on the other hand, large models will also generate new content to be stored. The explosion of applications driven by large models will drive the growth of the data platform market.
Lu Yanxia, Research Director of IDC China, said that generative AI is driving a new vitality in the big data platform market: large models need more completely new and previously uncollected and unstored data for more training, and the inference from large models will also produce completely new content and data. Big data platform products should accelerate integration with AI and generative AI, and consider embedding generative AI capabilities within the big data platform.
