BEIJING, Jan. 10, 2014 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced that the Company has won the "Credible Cloud Services" status granted by the Ministry of Industry and Information Technology ("MIIT") in January 2014. The "Credible Cloud Services" accreditation program was launched by the MIIT in October 2013 and is the first cloud services program of its kind to be implemented in China.
ChinaCache is one of ten companies that have received this "Credible Cloud Services" status. ChinaCache's two types of cloud services, namely ChinaCache's cloud server service and elastic block storage (EBS) service, passed all the 13 accreditation tests required by the MIIT. Both services met the MIIT's stringent criteria, such as standards for usability, movability, privacy, resource allocation and failure recovery capabilities. More noticeably, ChinaCache provides usability levels as high as 99.9% with downtime limited to less than 8.76 hours per year, which translates into more stability and convenience for ChinaCache's cloud service customers.
According to the statistics released by the China Academy of Telecommunication Research of MIIT, the global market size of cloud services reached USD131.7 billion in 2013, an increase of 18% year-over-year. The total market size is estimated to increase to USD244.2 billion by 2017. As cloud services continue to grow at a rapid pace, greater needs are placed on the government and leading cloud players to build up credible and reliable industry standards, whether it is for regulating purposes or strengthening market confidence in cloud services.We believe, with the help of credible cloud service accreditation systems and the advancing capabilities of cloud providers, China's cloud services will achieve higher security and stability. ChinaCache, at the forefront of this industry, will continue to provide high-quality cloud services with optimal user experiences.