Lionel Sujay Vailshery
Research expert covering cloud computing and emerging tech industries
Cloud computing in China - statistics & facts
Cloud computing utilizes remote data centers to store, access, and process data over network connections, which significantly reduces the computing power necessary on the users' computers and increases the mobility and flexibility of work processes. The technology is being rapidly developed in various sectors and is already generating over five billion dollars in revenue annually. Generally, three main types of business models exist in the cloud computing industry: Software as a Service (Saas), Platform as a Service (Paas), and Infrastructure as a Service (Iaas).
