Alibaba, the major e-commerce player in the Asian market, is now holding a firm grip in cloud market too. The company’s cloud computing subsidiary, Alibaba Cloud led the Asia Pacific market with a share of 19.6 percent in 2018, and at the top of the market in Asia, and leading in China with cloud revenue up 66 percent year-over-year. Following Amazon’s AWS, Google Cloud, and Microsoft Azure, Alibaba Cloud is dominating the Asia region with a market share of 28.2 percent in 2019, making Alibaba Cloud a leading cloud computing provider in the region.
Globally, the cloud infrastructure services spending grew 37 percent to US$30 billion in the fourth quarter of 2019. Amazon Web Services (AWS) is leading the market during the same period, accounting for 32 percent of total spending. Conversely, Microsoft Azure increased its share from 15 percent in 2018 to 18 percent in Q4 2019, while Google Cloud was the third largest cloud service provider with a market share of 6 percent, followed by Alibaba Cloud with 5 percent.
Globally, AWS has a third of the total market share of the cloud, while Alibaba is holding a whopping 47.3 percent of China’s cloud computing market share, followed by its competitor Tencent Cloud with 15.4 percent. AWS comes at third holding 8.8 percent of the cloud market share in China, according to canalys research. This shows that Alibaba is clearly in the leading position with the biggest market share in the region, and now hoping to lead in the global market.
Huma Therapeutics Raises $130M, To Expand in Asia and the Middle East
Cloud Comrade prepares Baba’s to migrate to cloud
Coupang Corp overtook Reliance Retail to become the fastest growing company in Asia
Globe Telecom boosts its 5G roaming in the Nordics and Asia
Walt Disney might stop broadcasting some significant English TV channels in Hong Kong, SE Asia
© 2021 CIO Bulletin. All rights reserved.