The Chinese company Huawei Technologies plans to expand its cloud-computing business and announces large investments in this area. The company’s executives said they are going to spend $1 billion to advance their cloud-computing technologies. Huawei will use the money to promote its cloud-computing services and make them more attractive to the clients. The producer is trying to think one step ahead, so the company understands many of the clients using Huawei data centers, first of all major telecom carriers or banks, may eventually want to develop their own applications. In order to meet this demand in future, the company is designing special software packages for the applications along with technical support. However, Huawei Technologies has to hurry up. According to the recent estimates, global cloud-computing market is worth $20 billion, and there are a lot of companies who want a piece of the pie. Last month, Chinese Internet giant Tencent Holdings said it will invest 10 billion yuan ($1.58 billion) in its cloud-computing. In summer, another big fish on the Chinese market, Alibaba Group, said it decided to invest $1 billion in cloud computing. “The public cloud services market is clearly booming and driving heavy investment in cloud infrastructure, while a rapid transition to cloud is also in full swing in the enterprise IT market,” said Jeremy Duke, Synergy Research Group’s founder and chief analyst. “Cisco continues to ride these waves very successfully, but what has enabled HP to grab the lead is the fact that servers and storage account for almost two thirds of the market and HP is now rapidly evolving its huge business in these segments.”
