The world has seen cloud computing spread massively over the past few years, and according to a recent report by Netscribes, that growth will continue big time in China. The country is set to see a annual growth of 77.5 percent from 2010 to 2015, the report said.

"Among the key factors driving the expansion of the market one can name cost reduction, speed, flexibility and responsiveness, widespread adoption of internet, rising smartphone usage, indigenous innovation, and scope in (medium and small-sized enterprises) MSMEs," the company said. "However, the growth of cloud computing in China could be challenged by the lack of expertise and knowledge among IT executives, lesser use of virtualization and data security concerns."

The report, Cloud Computing Market in China in 2012, gives "true and unbiased insights" into China's cloud computing industry, according to Netscribes. The companies aimed to give a snapshot the country's corporate, financial performance and business highlights, as well as the role of government in the cloud.

Computerworld reported last year that China is building a city-sized cloud computing office complex that will have a mega data center. The news source said this is one of many projects fueling the country's double-digit growth in IT spending.