Four leading cloud infrastructure vendors account for 67% share of all $129-billion market
Data researched by Trading Platforms indicates that the top four cloud infrastructure vendors accounted for 67% of the market share during Q4 2020. Amazon Web Services had the largest share at 32%, followed by Microsoft Azure at 20%. Google cloud had a share of 9%, while Alibaba Cloud accounted for 6%.
Pandemic spurs growth in market share and revenue for cloud vendors
During Q3 2020, the four vendors had a market share of 64%, while in Q3, they accounted for a share of 65%. In the first quarter, they had a market share of 64%.
The report also reviewed the 2020 global cloud infrastructure service providers revenue, which stood at $129 billion. Between Q1 and Q4, the revenue increased by 19.35%, from $31 billion to $37 billion. During Q2 and Q3, the revenue was $35 billion and $37 billion, respectively.
The revenue was by leading service providers including Amazon AWS, Google Cloud, Microsoft Azure, Alibaba Cloud, IBM Cloud, Salesforce, Tencent Cloud, Oracle Cloud.
The analysis explained the surge in market share and revenue for the leading cloud infrastructure in 2020. According to the research report:
“The coronavirus pandemic accelerated the cloud’s market share and revenue growth as practices like remote working, video conferencing, eCommerce, content streaming, online gaming, and collaboration gained popularity. Simultaneously, the gradual recovery of the economy from Q2 stimulated cloud investments by organizations in all industry segments to drive digital transformation.”
Although four providers dominate the market, small players are expected to make a statement across 2021. These smaller service providers will likely focus on specific market niches to offer a broader range of cloud services.
The full story, statistics, and information can be found here: https://tradingplatforms.com/blog/2021/02/09/four-leading-cloud-infrastructure-vendors-account-for-67-share-of-all-129-billion-market/