Here’s Why Baidu Is Strengthening Its Cloud Computing Offering
#Baidu is increasing its focus on its cloud computing services, as its core search advertising business adjusts to the new Chinese regulations. The company is introducing new artificial intelligence and #bigdata offerings for business customers who use Baidu Open Cloud in China. Baidu recently announced three new platforms which will offer users big data services, video and image processing services (such as live streaming and video on demand), and smart #IoT (Internet of Things) services for users in industries such as energy, retail and logistics. The #cloudcomputing market in China is at a nascent stage but is expected to grow at a CAGR (compounded annual growth rate) of 40% from around $ 1.5 billion in 2013 to nearly $ 20 billion by 2020. We believe this focus on the cloud computing segment can enable Baidu to diversify its revenue stream and build a strong competitive edge as global players look at ways to enter this highly regulated market.
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