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| The number of Chinese companies launching cloud-computing projects will increase sharply this year as they believe the new technology will help lower hiring, contracting, acquisition, testing and maintenance costs. (China Daily Photo) |
New technology to power, shape China's industrial transformation
China's cloud-computing market is seeing an "explosive increase" and will continue in similar fashion until at least 2015, according to industry experts.
"The nation's more than 550 million netizens and tens of millions of companies are set to generate tremendous demand for the cloud-computing industry in the next three to five years. The cloud will power China's transformation and upgrade processes across every industry," said a report released by CCWResearch, a think tank for China's IT industry watchdog.
Cloud computing will help companies reduce employment, contracting, acquiring, testing and maintenance costs. Hence, investment in this technology will help companies save money in the long run, said Paul Dean, managing director of global consultancy firm Accenture's technology department in Shanghai.
The number of Chinese companies launching cloud-computing projects last year was unprecedented, analysts said, although no data was available.
These companies invested roughly 18.8 billion yuan ($3 billion) on new cloud-computing facilities in 2012, a 48.1 percent year-on-year growth, said CCWResearch, adding cloud-related services contributed another 94.7 billion yuan to the industry.
Heavy investment is expected to push the annual growth rate of the industry five times faster than the average level of the IT industry, it said.
"Cloud computing may create approximately 5 million job opportunities and more than 2.2 trillion yuan in output value across different industries in the next four years," CCWResearch estimated.
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