In the complete cloud industry chain, the advantages of the current operator cloud are more concentrated in the construction of the underlying infrastructure, with significant advantages of state-owned enterprises and resource coordination capabilities. In contrast, the advantage of large Internet companies lies in their leading technology systems in the industry, which also makes their competition focus more on development of the application layer product.
According to the "China Cloud Service Industry Market Prospective Analysis and Future Investment Strategy Report", the "China Four Clouds" (Alibaba Cloud, Huawei Cloud, Tencent Cloud and Baidu Smart Cloud) account for 78.8% of the market
In terms of the public cloud market, the domestic public cloud market reached 68.9 billion yuan in the first quarter of 2022, an increase of 57.6% compared with 2018. It is expected that the market size will exceed 230 billion yuan by 2023.
In the critical period of cloud computing market competition, the "national cloud" team led by operators and a number of state-owned enterprises joins.
China's first state-owned assets supervision cloud service was officially launched a few days ago, led by China Telecom, and jointly completed by other state-owned enterprises such as China Electronics Technology Co., Ltd. and China Electronics Co., Ltd. From the perspective of the industry, whether it is the "state-owned cloud" that was hotly discussed in the past, or the current "national cloud", the "national team" in the government-enterprise industry track is becoming more and more active.
The analysis of Shengang Securities believes that the integrated infrastructure and strong network security capabilities of "cloud, network and edge" will make operators popular in the government and enterprise market.
"National Cloud" Admission
Regarding the launch of the state-owned assets supervision cloud, Shao Guanglu, general manager of China Telecom, said that it is to further promote the digital transformation of state-owned enterprises and improve the efficiency of state-owned assets supervision.
It can be seen that in recent years, the State-owned Assets Supervision and Administration Commission is working together with all parties to gradually form an independent and controllable state-owned assets supervision cloud, and promote the comprehensive application of state-owned assets supervision and management to the cloud. Two weeks ago, the State-owned Assets Supervision and Administration Commission (SASAC) held a meeting to promote the deepening of professional integration of central enterprises, and the concept of "national cloud" was mentioned for the first time.
At present, the national cloud is mainly dominated by China telecom operators, with the participation of central enterprises.
Whether it is "national cloud" or "state-owned cloud", it is not unrelated to the increasing trend of IT intensification and user information security leakage incidents in recent years. According to the data of the National Internet Emergency Response Center (CNCERT), in the first half of 2021 alone, the number of incidents of DDoS attacks with large traffic on cloud platforms accounted for 71.2% of the incidents of DDoS attacks with large traffic in the target territory.
According to the reporter's incomplete statistics, the areas where state-owned assets cloud has been deployed are: Jiangxi, Sichuan, Beijing, Shanghai, Zhejiang, Fujian, Shandong, Guangdong, Jiangsu, Hebei, Shaanxi, Tianjin, Anhui, Inner Mongolia, Dalian, Liuzhou, etc.
Tianyancha information shows that in March 2021, Tianjin established "Tianjin State-owned Assets Cloud Technology Co., Ltd.". The company is fully controlled by Tianjin State-owned Assets Supervision and Administration Commission and is mainly responsible for providing information system integration services, data processing and storage support, and Internet information services. In the same month, the State-owned Assets Supervision and Administration Commission of Zhejiang Province launched the “Application of Digital Supervision of State-owned Assets and State-owned Enterprises”. It is understood that the platform construction uses a completely localized Xinchuang server. The main body of the construction is Hangzhou Iron and Steel Group Corporation, which is operated by Hangzhou Iron and Steel Co., Ltd. (600126), which is controlled by the State-owned Assets Supervision and Administration Commission of Zhejiang Province.
In April 2021, Sichuan "State-owned Assets Cloud" was put into operation. The main body of its construction is a subsidiary of Sichuan Energy Investment Group, and the technology provider is Alibaba Cloud. The platform will be jointly operated by Sichuan Energy Investment Group and Sichuan Telecom, providing services to all provincial and municipal state-owned enterprises in Sichuan Province. According to reports, Sichuan "State-owned Assets Cloud" is the first exclusive cloud for state-owned enterprises in China.
Then in August 2021, the Chongqing State-owned Assets Cloud Platform (Phase II) business platform construction project announced the winning bid. The bid winner is Inspur General Software Co., Ltd. The data collection and sharing mechanism of the State-owned Assets Supervision and Administration Commission to the municipal key state-owned enterprises and the district and county state-owned assets supervision agencies to achieve "data communication".
As an important data security infrastructure, "State-owned Assets Cloud" has gradually become an important part of the market. However, in the view of institutions, promoting state-owned enterprises to go to the cloud is an important starting point to accelerate the digital transformation of state-owned enterprises, but the overall market of state-owned assets cloud is still in the initial development channel, and the long-term growth of individual concept stocks still needs to be treated with caution.
How should the cake be divided?
From the perspective of the number of players, the Chinese cloud computing market is already quite "crowded".
Domestic cloud computing manufacturers mainly include upstream telecom operators represented by Tianyi Cloud, China Mobile Cloud, and China Unicom Cloud, and large Internet companies represented by Alibaba Cloud, Huawei Cloud, Baidu Cloud, and Tencent Cloud. The former provides infrastructure services and infrastructure-based cloud services, while the latter continuously expands its business after satisfying its own needs and provides services for different industries.
According to the "China Cloud Service Industry Market Prospective Analysis and Future Investment Strategy Report", in the first quarter of 2022, the size of China's basic cloud market reached 133.45 billion yuan, a year-on-year increase of 38.6%. Alibaba Cloud, Huawei Cloud, Tencent Cloud and Baidu The "Four Clouds of China" composed of intelligent clouds accounted for 78.8% of the market, a year-on-year increase of 19%, continuing to dominate the domestic cloud market.
In terms of the public cloud market, the domestic public cloud market reached 68.9 billion yuan in the first quarter of 2022, an increase of 57.6% compared with 2018. It is expected that the market size will exceed 230 billion yuan by 2023. In China's 2020 public cloud IaaS+PaaS market, Alibaba Cloud, Tencent Cloud, and Huawei Cloud account for 38.7%, 12.6%, and 10.5%, respectively, with a total of more than 60%. Among the operators, Tianyi Cloud accounts for 8%.
With the support of state-owned enterprises, whether the national cloud will disturb the current cloud market pattern is the most concerned topic in the current industry.
An industry analyst told reporters that Internet manufacturers may face challenges in their right to speak in the field of government and enterprise services, especially in the context of strengthening data security and privacy protection in China. If the national cloud becomes a sample implemented by local governments, it will indeed create a certain pressure in the short term for the leading cloud service providers that provide "total solutions". In other words, state-owned enterprises purchased separately in the past, but now if they purchase in a unified manner, there will be new changes in the demand for cloud service products.
Tianfeng Securities (601162) previously defined the state-owned cloud as the "general contractor" in the cloud market. In terms of architecture, it will still cooperate with existing cloud computing vendors to develop data centers, servers, storage, network equipment, security equipment, etc. Cooperation with software technology.
"The technical standards involved in the implementation, server construction, and matching partners are also required. At present, it is still necessary to cooperate with existing cloud computing manufacturers." Tianfeng Securities analyst told reporters.
In the complete cloud industry chain, the advantages of the current operator cloud are more concentrated in the construction of the underlying infrastructure, with significant advantages of state-owned enterprises and resource coordination capabilities. In contrast, the advantage of large Internet companies lies in their leading technology systems in the industry, which also makes their competition focus more on product development at the application layer.
Regarding the deployment of this round of "National Cloud", Bank of China Securities believes that under the current background of the vast and rapid development of China's cloud market, the proposal of "National Cloud" is more to speed up the pace of digital transformation of enterprises and give full play to the state-owned enterprises in the process of digital economy development. It plays a leading role of cloud computing, reduces cost and increases the efficiency to meet the needs of enterprises to go to the cloud, rather than creating a monopoly.
