Asian Tech Press (Nov 29) -- According to the report "China Financial Cloud Market (H1 2021) Tracking" released by IDC recently, the size of China's financial cloud market reached US$2.65 billion in H1 2021.

IDC report shows that after gradually eliminating the epidemic's impact, financial institutions' business expansion and IT construction process back on track, the financial cloud market growth rate gradually picks up. At present, the financial cloud construction has entered the "deep water," IDC expects that after the support policies and management methods are formally implemented, the relevant solutions may become an important or even the main way for small and medium-sized financial institutions to go to the cloud.

IDC report points out that in the first half of 2021, China's financial cloud market size reached 2.65 billion U.S. dollars, a year-on-year growth of 40.2%. The infrastructure and solutions market size is $1.83 billion and $820 million, respectively, with growth rates reaching 38.3% and 44.8%.