According To New Data Released By Gartner, IaaS Public Cloud Services Market Grew By More Than 40% In 2020, Reaching A High Of $64.3 Billion.
According To New Data Released By Gartner, The Iaas Public Cloud Services Market Grew By More Than 40% In 2020, Reaching A High Of $ 64.3 Billion. Amazon generated $ 26.2 billion in revenue in 2020, gained 41% market share, and far outperformed other markets. Amazon saw growth of nearly 29%. This is less than any other company, but reflects the current dominance of the IaaS public cloud services market.
Microsoft generated $ 12.7 billion in revenue in 2020, growing almost 60% to second place. Gartner has “raised interest in migrating mission-critical workloads such as healthcare applications with AI-assisted bots, digital twins in manufacturing, and e-commerce in retail,” Gartner said. 19 Pandemics has spurred Microsoft’s growth. .. “
The rest of the list includes Alibaba, Google and Huawei. Alibaba is China’s most dominant IaaS provider, with growth of nearly 53% in 2020, bringing more than $ 6 billion. According to Gartner, Alibaba has benefited most from the education industry, with a growth rate of 105%. This growth was driven by an increase in downloads for Alibaba’s enterprise communications and collaboration platform, DingTalk.
Gartner
Huawei was able to make it into the top five thanks to yet another year of 200% growth in the IaaS market. The company generated $ 2.7 billion in revenue from the market in 2020, 90% of which came from Greater China.
Google increased its 66% IaaS revenue to about $ 4 billion in 2020, thanks to the retail, government and healthcare sectors. According to Gartner, the technology giant also benefited from its focus on “supporting the development and deployment of cloud applications in both hybrid and multi-cloud models.”
Gartner said 80% of the market is currently managed by the top five IaaS providers, but added that nearly 90% of all IaaS providers grew in 2020. Gartner Research Vice President Sidnag said hyperscale providers are extending the reach of public clouds to private and on-premises locations to meet organizational needs related to data sovereignty, workload portability, and network latency. He said he continues to build corresponding decentralized cloud and edge solutions. ..
“This fact, coupled with the reliance of the majority of organizations during the pandemic on the public cloud, has doubled the digital market growth in 2020. From 2019, Huawei will move from device sales to cloud services. It has made a big shift to a large investment in the cloud. It is a business that is beginning to produce results.”
“The era of CIOs investing in cloud IaaS and Platform as a Service (PaaS) separately is gone. The cloud market continues to grow, but the real opportunity for providers is adjacent to the cloud, such as Edge, 5G, etc. It comes from the growth of the technology market. So does AI, as CIOs are looking to invest in technology that addresses complex and new use cases.
This news was originally published at Texas News Today.