19 10 On October 25th, IDC, a global research institution, announced the latest ranking of China's financial cloud market in 20 19. Alibaba Cloud ranks first in the financial cloud solution market, with a market share of12.2%; Zhongke Soft Technology and Tencent followed closely, accounting for 6.7% and 6.3% respectively; Ranked fourth and fifth are Baidu and Rongxinyun, with market shares of 5.4% and 4.3% respectively.
Regarding the development of financial cloud in China, IDC pointed out in the report: "It is inevitable for China enterprises to fully transform into cloud computing architecture. As a leader in the application of information technology in traditional industries, the financial industry is becoming the vanguard of cloud transformation after the Internet industry. " It can be seen that financial institutions are using the flexibility and agility of cloud computing to transform the system into container micro-services, and many innovative applications relying on cloud services, such as smart customers, risk control and face recognition, are gradually becoming popular.
Under the background of cloud transformation, all kinds of service providers are promoting financial institutions to go to the cloud, including the original financial vertical industry solution providers, such as Zhongke Soft Technology mentioned in the report; There are also new entrants to the market, such as cloud vendors Alibaba Cloud and Tencent Cloud. There are also subsidiaries of the finance department, such as Ping An Yun. These three types of service providers constitute the initial pattern of the current financial cloud solution market.