According to the IDC report, the size of China's big data market is expected to reach RMB 17.93 billion in 2023, a 24.6% increase from 2022. The application of large models and generative AI has driven the demand for easier and more precise data management. Additionally, the growth of real-time data processing and stream data processing workloads is also a key driver of this market growth.
The public cloud service market for big data platforms in China has reached RMB 4.96 billion. Alibaba Cloud leads the market with a 40.2% market share, followed by Amazon Web Services with a 16.9% market share. Huawei Cloud, Tencent Cloud, and others follow. Over the past 5 years, IDC has also witnessed rapid growth in the market for big data storage and computing services on public clouds.
Big Data Private Deployment Market
In 2023, the market size of China's big data platform private deployment reached RMB 10.71 billion. Huawei leads the market share in big data platform private deployment, followed by Alibaba (09988) in second place. Tencent Cloud, Xinghuan Technology (688031.SH), Kujiale Technology, and Bairui Data follow.
Overall Big Data Market
In 2023, the overall market size of China's big data platform reached RMB 17.93 billion, a 24.6% increase from 2022. Huawei holds the top position with a 24.7% market share, followed by Alibaba with a 19.5% market share, and Tencent (00700) in third place.
IDC's Recommendations for Technology Providers:
Markets with Potential: Advanced manufacturing, automotive industry, financial industry. Advanced manufacturing is expected to maintain performance growth in 2024. The automotive industry is being driven by overseas expansion and the transformation to intelligent driving, with continued growth in investments in the big data field.
Changes in Products and Technologies: Expansion of streaming data demand—stream data collection and analysis are no longer limited to specific vertical industries such as financial services, health technology, and logistics. Your product/solution portfolio needs to quickly 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 an ideal choice for AI vectors, but they can also be used for data definition and governance
Opportunities for Data Platforms brought by Large Models and Generative AI Applications: The next breakthrough in large models and industry models still requires a wider range of data sources, many of which have not been stored yet; on the other hand, large models will also generate new content that needs 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, stated that generative AI is revitalizing the big data platform market: large models require more new data that has not been collected or stored before for further training, and the inference of large models will also generate new content and data. Big data platform products should accelerate the integration with AI and generative AI, and consider pre-installing generative AI functions within the big data platform

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According to the IDC report, the scale of China's big data market is expected to reach 17.93 billion yuan in 2023, a year-on-year increase of 24.6%. The public cloud service market is valued at 4.96 billion yuan, with Alibaba Cloud holding a 40.2% market share and Amazon Web Services at 16.9%. The private deployment market is valued at 10.71 billion yuan, with Huawei leading the market. It is recommended to pay attention to the investment potential in advanced manufacturing, automotive, and financial industries, as well as the expansion of streaming data demand, and the rapid provision of relevant solutions

- IDC report projects China's big data market to reach 179.3 billion RMB in 2023, a 24.6% increase from 2022, driven by the demand for easier and more precise data management facilitated by large models and generative AI applications. Real-time and stream data processing workloads are key growth drivers. 
- In the public cloud services market, China's big data platform market size hits 49.6 billion RMB, with Alibaba Cloud leading at 40.2% market share, followed by AWS at 16.9%, Huawei Cloud, and Tencent Cloud. 
- The private deployment market is valued at 107.1 billion RMB, with Huawei leading, followed by Alibaba, Tencent Cloud, Xinhuanet Technology, Kjtpc, and Bairen Data, showcasing a 24.6% growth in the overall big data market.

IDC: China's big data market is expected to reach 17.93 billion yuan in 2023, a year-on-year increase of 24.6%