Kingsoft Cloud Strengths, Domain Expertise, and Key Differentiators
Despite challenges in global PC and smartphone markets with slow shipments, Kingsoft Office Group has shown resilience. In 2022, monthly active devices for its main products continued to grow against market trends. The company focused on optimizing user experiences in cloud and collaboration, leading to a significant increase in documents uploaded to the public cloud platform. Membership privileges for WPS and Docer were expanded, attracting paying subscribers and fostering user loyalty. By the end of 2022, paying subscribers saw stable growth, emphasizing the company's strength in adapting to market conditions and strategic user engagement.
Kingsoft Cloud Recent Developments
In May of 2020, Kingsoft Cloud was listed on NASDAQ in the United States (stock code: KC). Relying on 30 years of enterprise-level service experience, Kingsoft adheres to technology and gradually builds a complete cloud computing infrastructure and provides solutions suitable for public services, finance, healthcare, education, media, industry, video, games, e-commerce retail, and other industries. At the same time, Kingsoft Cloud is actively Investing in important fields such as smart cities, smart healthcare, smart finance, and industrial Internet.
Kingsoft Cloud Mergers and Acquisitions (M&A) Activities
In August 2021, Kingsoft Cloud made a major strategic move in its Enterprise Cloud Services (“ECS”) business by entering into a definitive agreement to acquire controlling interests in Camelot Employee Scheme Inc. By integrating Camelot’s nationwide project execution capacities and resources across major cities in China, the Company expects to further accelerate and enhance the implementation of ECS projects with lower costs and improved efficiency.
Kingsoft Cloud Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Kingsoft Cloud applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Kingsoft Cloud and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Kingsoft Cloud customers.
Kingsoft Cloud Overview
Building E, Xiaomi Science and Technology Park, No. 33 Xierqi Middle Road, Haidian District
Beijing, x, 100085, China
86 10 6292 7777
https://www.en.ksyun.com/
Ownership: - NASDAQ: KC
Number of Employees: 10493
Functional Markets: Content Management, ITSM,
Key Verticals: Automotive, Banking and Financial Services, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Sciences, Manufacturing, Media, Professional Services, Transportation,
Kingsoft Cloud Key Enterprise and Cloud Applications
Kingsoft Cloud
Kingsoft Cloud Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Kingsoft Cloud Revenue Breakdown By Type, $M:
Kingsoft Cloud Enterprise Applications Revenues By Functional Markets, $M:
Kingsoft Cloud Enterprise Applications Revenues By Verticals, $M:
Kingsoft Cloud Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Kingsoft Cloud Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Kingsoft Cloud Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Kingsoft Cloud Customers
No. of Kingsoft Cloud Customers: x
No. of Kingsoft Cloud Enterprise Applications Customers: x
No. of Kingsoft Cloud Cloud Customers: x
No. of Kingsoft Cloud Cloud Subscribers: x
Kingsoft Cloud has amassed a large, premium, and diversified customer base covering a wide spectrum of industry verticals. The total number of Premium Customers increased from 154 in 2018 to 243 in 2019, and further to 322 in 2020. Kingsoft have fostered strong loyalty with existing customers as a result of the high-quality cloud products and solutions offered, as well as the ability to deliver tangible value to customers by effectively addressing their needs.
Kingsoft Cloud Market Opportunities, M&A and Geo Expansions
Kingsoft is well-positioned to capture the large and growing market opportunities brought about by the increasing penetration of cloud services into traditional enterprises and public service organizations, demand for multi-cloud deployment, attention to data security, privacy and suppliers’ neutrality application of 5G, new scenarios such as VRAR and cloud gaming, and support by the continuous development of cloud infrastructure and cloud-native technologies.
Leveraging their profound industry insights, Kingsoft saw significant growth prospects in selected verticals, such as game, video, online cooperation, public services, financial services, and healthcare. Kingsoft have strategically expanded their footprints into such fast-growing verticals as first-movers and have been establishing a leading market position through relentless execution.
Kingsoft Cloud Risks and Challenges
The company faces a potential risk due to a concentration in its supplier base. As of the year ending on December 31, 2022, over half (52%) of the total purchases were attributed to the five largest suppliers, with the primary supplier alone accounting for 19% of total purchases. This supplier concentration may expose the company to vulnerability, as disruptions or issues with these key suppliers could have a significant impact on the company's procurement and operational activities. Diversifying the supplier base or establishing contingency plans may be advisable to mitigate this potential risk.
Kingsoft Cloud Ecosystem, Partners, Resellers and SI
Kingsoft Cloud relies on channel partners to distribute some of their products and solutions or provide certain support services. Kingsoft works closely with agents as their channel partners and leverages their understanding of end users’ demands, thereby developing tailored marketing strategies. Kingsoft partners with different industries to build cloud ecosystem together. Some of the partners include: Microsoft, Sony, Steam, Chartboost, bilibili, Z-bank, TikTok, Talk Cloud and many others.
Kingsoft Cloud Cloud Infrastructure Insights
Subscribe to read more about:
- Kingsoft Cloud Public Cloud and Infrastructure (IaaS)
- Kingsoft Cloud Platform (PaaS)
- Kingsoft Cloud Application Delivery
- Kingsoft Cloud Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
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