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4 Cloud Vendors Held 67% of $129B Market in Q4

Data researched by Trading Platforms indicates that the top four cloud infrastructure vendors accounted for 67 percent of the market share during Q4 2020. Amazon Web Services had the largest share at 32 percent, followed by Microsoft Azure at 20 percent. Google Cloud had 9 percent, while Alibaba Cloud accounted for 6 percent.

During Q3 2020, the four vendors had a market share of 64 percent, while in Q2, they accounted for a share of 65 percent. In the first quarter, they had a market share of 64 percent.

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 percent, 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 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/

 

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