China's public cloud service market to see rapid growth: report

BEIJING - China's public cloud service market will register a compound growth rate of 30.9 percent in the next five years, according to a report published by the International Data Corporation (IDC).

The IDC estimated that the market size will reach $105.76 billion by 2026.

The global share of China's public cloud service market will rise to 9.9 percent from 6.7 percent in 2021, according to the IDC.

The accelerating trend of digital transformation of enterprises and the country's policy incentives will bring new opportunities, the company said.