Leading public cloud service providers continue to gain market share across the globe. The cloud Infrastructure as a Service (IaaS) market grew 37.3 percent in 2019 to reach $44.5 billion -- that's up from $32.4 billion in 2018, according to the latest worldwide market study by Gartner. Amazon (AWS) retained the number one position in the IaaS market in 2019, followed by Microsoft (Azure), Alibaba, Google and Tencent. The remaining cloud service providers are essentially niche players, by comparison. "Cloud underpins the push to digital business, which remains at the top of CIOs’ agendas," said Sid Nag, vice president at Gartner . “It enables technologies such as the edge, AI, machine learning and 5G, among others." Public Cloud IaaS Market Development Each emerging technology requires a scalable, elastic and high-capacity infrastructure platform like public cloud IaaS. In 2019, the top five IaaS providers accounted for 80 percent of the market -- that's ...
TMT Market Research Summaries and Analysis