Sunday, October 24, 2021

The Global IaaS market grew by 40.7% in 2020

Americans in 2019. According to data from the research firm Gartner, the global infrastructure as a service (IaaS) market has grown by 40.7% in 2020 to reach US $ 64.3 billion, compared to the US $ 45.7 billion. Amazon will maintain first place in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei.

Amazon continues to lead the global IaaS market with a 2020 revenue of $ 26.2 billion and a 41% market share. In 2020, the top five IaaS providers accounted for 80% of the market share; nearly 90% of IaaS providers have seen growth. Amazon’s 28.7% growth is slightly lower than the market, and its sales growth mainly reflects the increase in customer utilization.

The global medical crisis and the disruption of the business environment. Moreover, Microsoft maintained its second position in Gartner’s IaaS market share. With an increase of nearly 60% and revenue in 2020 reached US$12.7 billion, it managed to keep aloft.

In 2020, Alibaba had the highest growth rate in the education vertical, reaching 105%, mainly nailed by Alibaba’s download of the business communication and collaboration platform between employees and students who work and study at home.

After the IaaS market has grown by more than 200% for the second year in a row, in 2020, Huawei ranked among the top five IaaS vendors. This was for the first time with a revenue of US$2.7 billion. More than 90% of revenue comes from Greater China, and the cloud market in this region continues to grow rapidly.

Moreover, after 2019, Huawei switched from selling equipment to investing heavily in its cloud service business. It paid off, as Google’s IaaS revenue increased by 66% in 2020, reaching nearly 4 billion U.S. dollars.

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