BEIJING - China's public cloud service market will register a compound growth rate of 30.9 percent in the next five years, according to a report published by the International Data Corporation.

The IDC estimated that the market size will reach $105.76 billion by 2026.

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The global share of China's public cloud service market will rise to 9.9 percent from 6.7 percent in 2021, according to the IDC.

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The accelerating trend of digital transformation of enterprises and the country's policy incentives will bring new opportunities, the company said.