On July 31, 2020, International Data Corporation (IDC), the premier global market intelligence firm, released a report "Market Share of Third Party Cloud Management Services in China 2019". The report shows that in 2019, the market size of China's third party cloud management service reached 560 million US dollars, a year-on-year increase of 82.6%. According to IDC, this market will see a compound annual growth rate of 54.7% from 2019 to 2023 to reach a market size of 3.21 billion US dollars. The parallel and rapid development of public cloud, private cloud and cloudy/hybrid cloud in China is continuously expanding the third-party cloud management service market, the report says.
As an excellent cloud and digital service provider at home, Digital China (including Yungoal) was listed as the country’s top MSP by the IDC annual report for the second consecutive year.