8/30/2023 0 Comments I2 Analyst Notebook 8 CrackAs he points out, the overall market has been averaging a year-on-year growth rate of more than 30% for the last four quarters. "This has increased over the last couple of years, but it remains outside of the top ten," said John Dinsdale, chief analyst and research director at Synergy, in an email exchange with Light Reading. Up-to-date numbers supplied by Synergy Research Group put Huawei's share of the global market for cloud infrastructure services at just 1%. Any hope the cloud might help compensate for the drop-off in sales at Huawei's huge devices unit – or provide a Chinese counterweight to AWS, Google Cloud and Microsoft Azure – has so far been dashed. Four-and-a-half years since Huawei Cloud had its Chinese debut, it remains a runt next to the fat US beasts that dominate the international market. "Huawei Cloud is the world's fastest growing major cloud service provider," boasts the Chinese company on page eight, dangling some big numbers to illustrate the point.īut no figure was given for sales, and it is probably no wonder. The word cloud is mentioned 297 times in a document just 192 pages long, often flanked by size-related adjectives and bold claims. Anyone reading Huawei's annual report for 2021 could be forgiven for thinking the Chinese equipment maker had already morphed into one of the world's largest public clouds.
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