Shulou(Shulou.com)12/24 Report--

A few days ago, according to the latest "tracking of China Financial Cloud Market (first half of 2023)" released by IDC, Aliyun continued to rank first in the overall financial cloud market in the first half of 2023, with an overall market share of 18.5%. In addition, Aliyun also ranks first in six areas, including financial cloud infrastructure, financial cloud solutions, public cloud infrastructure, platform solutions, banking solutions, and Internet financial solutions.

According to the report, the financial cloud is still growing at a high speed, with China's financial cloud market reaching 28.4 billion in the first half of 2023, a year-on-year growth rate of 28%. Among them, the market growth rate of financial cloud platform solutions ranks first among all sub-markets, and Aliyun has an absolute advantage, with a market share of 1.9 times that of the second place and 2.1 times that of the third place.

It is particularly worth mentioning that in the public cloud infrastructure market, Aliyun's overall share is 2.8 times that of the second place and 4.2 times that of the third place.

Behind the rapid growth of China's financial cloud market, it reflects that the combination of cloud and financial industry has gradually entered a more technological hard core depth stage. Aliyun has created a series of solutions through core products to support the comprehensive digital transformation of financial institutions in core business areas. Such a comprehensive transformation is mainly reflected in four directions: the upgrade of customer experience around Super App, company-wide data governance, the native distributed transformation of core system cloud and the upgrade of fully integrated cloud technology architecture. Among them, Aliyun released "Financial level Cloud Native" based on classic cloud native technology and developed a set of technology system aimed at the needs of the financial industry, thus supporting financial institutions to build a "new IT architecture" that not only meets industry standards and regulatory requirements, but also has the advantages of cloud native technology.

More significantly, Aliyun has actually landed a number of solutions in banking, insurance and securities industries in recent years, and supported the launch of the new system. These specific construction processes and results have become a very important reference for the industry.

Cutting-edge industry practice comes from continuous technological innovation. Aliyun insists on independent innovation and building a new generation of infrastructure in recent years, not only providing basic products such as Litian 710, Shenlong, Lingjun, but also precipitating a more agile, highly available, cloud-based distributed technology architecture in the process of serving financial institutions, supporting financial institutions to greatly exceed the limitations of the traditional centralized structure through technological innovation and recreate new finance on the cloud.

According to the IDC report, with the continuous upgrading of concepts such as AI big model and big data platform in the first half of 2023, the building and upgrading of computing foundation has become one of the main driving forces to promote the development of financial cloud.

Facing the AI era, Aliyun upgrades the cloud computing system through full-stack technological innovation from the underlying computing power to the AI platform and then to the model service to create the most open cloud in the AI era.

According to public information, Aliyun has served 6 large state-owned commercial banks, 12 joint-stock commercial banks, 90% listed commercial banks and hundreds of financial institutions such as 60% insurance companies and 60% securities companies. According to IDC, Aliyun ranks first in China's overall financial cloud market for four years in a row.

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