IDC: In the second half of 2024, the size of China's video cloud market reached 50.8 billion US dollars, a year-on-year increase of 4.7%.

According to information obtained from the CBN APP, the latest report "China Video Cloud Market Tracking in the second half of 2024" released by the International Data Corporation (IDC) shows that the scale of China's video cloud market in the second half of 2024 reached 5.08 billion US dollars, rebounding from a decline and an increase of 4.7% year-on-year. Top short video and live e-commerce platforms have enhanced the technical indicators of live streaming experience, demand for internet video short dramas continues to rise, and intelligent video cloud services are gradually being implemented, becoming the main driving force behind the growth of the market in this period.