At today’s Huawei Connect conference in Shanghai, the company announced plans to more than double revenues by 2020, focusing on growth in its enterprise division including cloud computing and data center solutions.
The company, which made $60 billion in 2015, said that it intends to increase revenues to $150 billion by 2020. The main driver for revenue growth will be the comprehensive Cloud 2.0 strategy, which incorporates data center devices, information pipelines, and the cloud into a ‘synergetic architecture’ that will be Huawei’s focus for future investment.
At the first keynote speech at the Shanghai conference, Huawei Rotating CEO Ken Hu said that Huawei aims to become a preferred partner in large-scale cloud transformation, predicting that by 2025, 100% of enterprise IT solutions and more than 85% of enterprise applications will be cloud-based.
To further globalization, for the expansion of Chinese enterprises globally and the entrance of foreign enterprises to the Chinese market, the company stressed the need for a global cloud and a platform incorporating a unified API, architecture, and ecosystem. Huawei said that they intend to use existing relationships with partners such as Accenture, and to build new partnerships with global carriers to provide a global cloud network for clients.
To this end, the company announced the release of 31 new FusionCloud services, FusionStorage 6.0, and the FusionStage PaaS platform.
Zheng Yelai, President of Huawei IT Product Line, outlined the new FusionCloud services that comprise Huawei’s Infrastructure-as-a-Service (IaaS) framework. He announced the release of FusionStorage 6.0 which supports distributed block, file, and object storage and was created in response to customer demands for additional storage, and the FusionStage PaaS platform which features open architecture and a variety of middleware services including Big Data and IoT applications.
Competing in cloud infrastructure alone could bring in as much as $10 billion per year for Huawei, some analysts believe. Just last week, Technology Business Research (TBR) named Huawei’s data centers number one for revenue growth for Q4 2015 and Q1 2016, with a growth rate of 25.1% in the Asia-Pacific region, and 23.7% in Europe, Middle East, and Africa. Huawei currently operates 830 data centers worldwide, 420 of them cloud data centers.