Financial Cloud Market in China Hit USD$1.91 Billion in First Half of 2020: IDC Report


A new report indicates that the market for financial cloud services in China saw roaring growth in the first half of 2020 despite the spread of the Novel Coronavirus.

The “China Financial Cloud Market (2020 First Half)” report released by market research firm IDC indicates that in the first half of 2020 China’s financial cloud market reached USD$1.91 billion in scope, for YoY growth of 37.5%.

The financial cloud solutions plan market saw growth of 42.1% during thee period, while the cloud infrastructure market posted an increase of 35.6%.