“NEC has agreed to set up a joint venture with Neusoft, China’s largest IT outsourcing provider, to offer cloud computing services in the country, the Japanese electronics company’s first move to offer such services outside its home market.
The venture reflects high hopes among outsourcing services vendors that China will become a large market for them.
NEC said it expected the nascent cloud computing market in China to grow to $2.3bn by 2012, expanding at an average pace of 30 per cent each year. The Chinese IT services market had revenues of $10.6bn last year and is forecast to grow to $20.6bn in 2014, according to IDC.
Last year, IBM topped the ranks of IT service providers in China with a 6.1 per cent market share. The top five were rounded out by HP; Digital China, a company affiliated with Lenovo; Huawei, China’s largest network equipment vendor; and Accenture, the global services firm. Neusoft ranked 7th.”
Source:http://cloudjournal.com/?p=126
