IDC Cloud Computing Report: Alibaba Cloud’s Global Top 3 Growth Rate Overamazon Microsoft
by smalltechnews 2020-03-03
Share on
source: webmagspace

According to MARKET research firm IDC data, Alibaba Cloud’s global market share rose further, followed by Amazon, Microsoft, the fastest growth rate in the market’s top five. Since 2017, the global cloud computing market has formed a 3A landscape (Amazon AWS, Microsoft Azure and Alibaba Cloud), the market gradually concentrated in the head, 3A currently occupies nearly 70% of the market share.

Historical data show that Alibaba Cloud’s global market share has grown rapidly over the past six years, making it the world’s third-largest cloud computing service provider. During this period, Amazon, Microsoft, Alibaba Cloud market share continued to climb, IBM declined year by year, Google from 2016 to the list, gradually rose to the fifth.

At the same time, the growth rate of the 3A camp continued to lead the market, with Alibaba Cloud growing fastest, while the world’s top five outside the cloud service providers mostly lost the market, lagging behind the overall industry growth. As a result, market share continues to gather to head cloud service providers, with 3A accounting for nearly 70% of the market as of June 2019.